Exxon Mobil Co. (NYSE:XOM) Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 84,112 shares of the oil and gas company’s stock after selling 2,700 shares during the period. Hennessy Advisors Inc.’s holdings in Exxon Mobil were worth $9,048,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

XOM has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their price objective on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. UBS Group reduced their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Stock Performance

NYSE XOM opened at $112.37 on Friday. The company has a market cap of $493.89 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a 50-day moving average of $112.73 and a two-hundred day moving average of $115.52.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.27 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

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

About Exxon Mobil

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.