Exxon Mobil Co. (NYSE:XOM) Shares Sold by Brooklyn Investment Group

Brooklyn Investment Group reduced its holdings in Exxon Mobil Co. (NYSE:XOM) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,530 shares of the oil and gas company’s stock after selling 1,597 shares during the period. Exxon Mobil makes up 0.8% of Brooklyn Investment Group’s holdings, making the stock its 25th biggest position. Brooklyn Investment Group’s holdings in Exxon Mobil were worth $2,531,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Fairscale Capital LLC purchased a new stake in Exxon Mobil in the second quarter valued at $39,000. Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth about $46,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil in the 3rd quarter valued at about $51,000. Highline Wealth Partners LLC acquired a new position in Exxon Mobil in the third quarter valued at about $54,000. Finally, Harbor Capital Advisors Inc. purchased a new position in Exxon Mobil during the third quarter worth about $63,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.9 %

Shares of NYSE:XOM opened at $112.37 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $112.56 and a 200-day simple moving average of $115.50. The company has a market capitalization of $493.89 billion, a PE ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the firm posted $2.27 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on XOM. Barclays decreased their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Morgan Stanley lowered their price target on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Redburn Atlantic reissued a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Wells Fargo & Company lifted their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Finally, BMO Capital Markets increased their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.