Hartford Investment Management Co. Has $28.16 Million Position in Exxon Mobil Corporation $XOM

Hartford Investment Management Co. lessened its stake in Exxon Mobil Corporation (NYSE:XOM) by 3.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 249,764 shares of the oil and gas company’s stock after selling 10,226 shares during the period. Exxon Mobil comprises about 0.9% of Hartford Investment Management Co.’s holdings, making the stock its 15th biggest position. Hartford Investment Management Co.’s holdings in Exxon Mobil were worth $28,161,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Westfuller Advisors LLC bought a new stake in shares of Exxon Mobil during the third quarter valued at approximately $30,000. Bare Financial Services Inc boosted its stake in Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares in the last quarter. Clayton Financial Group LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at $40,000. TruNorth Capital Management LLC lifted its holdings in shares of Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 335 shares during the period. Finally, Halbert Hargrove Global Advisors LLC boosted its position in shares of Exxon Mobil by 95.8% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 181 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XOM has been the subject of several recent research reports. UBS Group reissued a “buy” rating and issued a $171.00 price target on shares of Exxon Mobil in a research report on Monday. Morgan Stanley dropped their target price on Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. BNP Paribas Exane upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 target price for the company in a research report on Monday, December 8th. Sanford C. Bernstein lowered their price target on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Finally, Zacks Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.53.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the transaction, the vice president owned 28,584 shares in the company, valued at $3,349,758.96. The trade was a 9.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is owned by company insiders.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $138.51 on Tuesday. The business’s fifty day moving average is $123.25 and its two-hundred day moving average is $116.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The firm has a market cap of $584.12 billion, a P/E ratio of 20.70, a P/E/G ratio of 14.93 and a beta of 0.39. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $142.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. The business had revenue of $82.31 billion during the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 earnings per share. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend payout ratio is 61.58%.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.