Hennion & Walsh Asset Management Inc. Sells 2,712 Shares of Exxon Mobil Co. (NYSE:XOM)

Hennion & Walsh Asset Management Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.3% in the fourth quarter, HoldingsChannel reports. The fund owned 60,982 shares of the oil and gas company’s stock after selling 2,712 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Exxon Mobil were worth $6,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of XOM. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $39,000. Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $46,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 3rd quarter valued at $51,000. Highline Wealth Partners LLC purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at $54,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at $63,000. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of a number of analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. BMO Capital Markets boosted 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 note on Friday, October 4th. Morgan Stanley decreased their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Finally, JPMorgan Chase & Co. decreased 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 note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Trading Up 0.9 %

Shares of NYSE:XOM opened at $112.37 on Friday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company’s 50 day moving average is $112.73 and its two-hundred day moving average is $115.52. 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 company has a market cap 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 (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates 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 company’s revenue was down .8% on a year-over-year basis. During the same period last year, the firm posted $2.27 EPS. Equities analysts predict that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a dividend of $0.99 per share. 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 dividend payout ratio is currently 49.32%.

Exxon Mobil Company 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.