Forte Capital LLC ADV Sells 118 Shares of Exxon Mobil Co. (NYSE:XOM)

Forte Capital LLC ADV trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,198 shares of the oil and gas company’s stock after selling 118 shares during the period. Forte Capital LLC ADV’s holdings in Exxon Mobil were worth $1,850,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the third quarter worth about $51,000. Compass Financial Services Inc bought a new position in shares of Exxon Mobil during the 4th quarter valued at $48,000. Finally, Highline Wealth Partners LLC purchased a new position in Exxon Mobil in the 3rd quarter worth approximately $54,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.2 %

XOM stock opened at $110.67 on Monday. The company has a market cap of $480.20 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 12 month low of $102.88 and a 12 month high of $126.34. The company has a fifty day moving average price of $108.60 and a 200 day moving average price of $114.48. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the firm earned $2.48 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Bernstein Bank raised their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Wolfe Research increased their price target on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Mizuho reduced their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

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.