Hoxton Planning & Management LLC Sells 1,123 Shares of Exxon Mobil Co. (NYSE:XOM)

Hoxton Planning & Management LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 19.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,770 shares of the oil and gas company’s stock after selling 1,123 shares during the quarter. Hoxton Planning & Management LLC’s holdings in Exxon Mobil were worth $477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its position in shares of Exxon Mobil by 140,855.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after purchasing an additional 123,254,064 shares during the period. Norges Bank acquired a new stake in Exxon Mobil in the fourth quarter valued at about $5,226,390,000. Imprint Wealth LLC boosted its stake in Exxon Mobil by 9,115.2% in the second quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock valued at $1,130,434,000 after buying an additional 11,181,673 shares in the last quarter. Morgan Stanley boosted its stake in Exxon Mobil by 11.9% in the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after buying an additional 5,566,797 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Exxon Mobil by 10,221.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock valued at $491,678,000 after buying an additional 4,870,115 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on XOM shares. TD Cowen raised their price objective on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Wells Fargo & Company lifted their price target on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Mizuho reissued a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. Finally, UBS Group lifted their price target on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $131.44.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.04% of the stock is owned by corporate insiders.

Exxon Mobil Trading Down 0.8 %

NYSE XOM opened at $118.69 on Wednesday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The stock has a 50 day simple moving average of $110.57 and a two-hundred day simple moving average of $106.13. The stock has a market cap of $469.81 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 4.15 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.28. The business had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business’s revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the business posted $3.40 EPS. On average, analysts forecast that Exxon Mobil Co. will post 9.61 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is presently 42.74%.

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.