Pekin Hardy Strauss Inc. Sells 3,821 Shares of Exxon Mobil Corporation $XOM

Pekin Hardy Strauss Inc. reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,796 shares of the oil and gas company’s stock after selling 3,821 shares during the period. Exxon Mobil accounts for about 1.3% of Pekin Hardy Strauss Inc.’s holdings, making the stock its 11th biggest position. Pekin Hardy Strauss Inc.’s holdings in Exxon Mobil were worth $12,718,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Ipsen Advisor Group LLC grew its holdings in shares of Exxon Mobil by 1.6% in the third quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company’s stock valued at $637,000 after acquiring an additional 88 shares in the last quarter. Nexus Investment Management ULC boosted its position in Exxon Mobil by 1.6% in the third quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock worth $653,000 after purchasing an additional 89 shares during the last quarter. Sagace Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 2.7% in the 3rd quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock worth $388,000 after buying an additional 90 shares during the last quarter. Creative Capital Management Investments LLC boosted its stake in Exxon Mobil by 2.5% in the third quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock valued at $417,000 after acquiring an additional 91 shares during the last quarter. Finally, Capstone Wealth Management LLC lifted its stake in Exxon Mobil by 3.8% in the third quarter. Capstone Wealth Management LLC now owns 2,527 shares of the oil and gas company’s stock valued at $285,000 after purchasing an additional 92 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

XOM stock opened at $151.09 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $156.93. The firm’s fifty day moving average is $131.72 and its 200 day moving average is $119.77. The firm has a market cap of $637.18 billion, a P/E ratio of 22.58, a P/E/G ratio of 15.63 and a beta of 0.39.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. During the same period in the previous year, the firm posted $1.67 earnings per share. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. Research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be issued a dividend of $1.03 per share. The ex-dividend date is Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.7%. Exxon Mobil’s dividend payout ratio is currently 61.58%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of Exxon Mobil stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total value of $698,750.00. Following the transaction, the vice president directly owned 23,584 shares of the company’s stock, valued at $3,295,864. The trade was a 17.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 14,230 shares of company stock worth $1,888,421. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. Royal Bank Of Canada increased their target price on shares of Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Citigroup boosted their target price on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. UBS Group reissued a “buy” rating and issued a $171.00 price target on shares of Exxon Mobil in a report on Monday, February 2nd. Mizuho set a $140.00 price objective on shares of Exxon Mobil in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group increased their target price on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $140.59.

Exxon Mobil 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.