Investors Research Corp Sells 3,192 Shares of Exxon Mobil Co. (NYSE:XOM)

Investors Research Corp cut its stake in Exxon Mobil Co. (NYSE:XOM) by 41.6% in the 4th quarter, Holdings Channel reports. The firm owned 4,475 shares of the oil and gas company’s stock after selling 3,192 shares during the period. Investors Research Corp’s holdings in Exxon Mobil were worth $447,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. KB Financial Partners LLC purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at about $27,000. IMA Wealth Inc. lifted its stake in shares of Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 324 shares during the period. FWL Investment Management LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $43,000. Turim 21 Investimentos Ltda. raised its stake in Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 396 shares during the period. Finally, Studio Investment Management LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $49,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Down 0.1 %

NYSE XOM opened at $118.63 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average of $110.89 and a two-hundred day moving average of $106.22. The firm has a market capitalization of $469.57 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 4.08 and a beta of 0.96. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same period in the previous year, the firm earned $3.40 earnings per share. Exxon Mobil’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.20%. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on XOM shares. UBS Group raised their target price on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Scotiabank raised their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Wells Fargo & Company raised their target price on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Finally, Mizuho reaffirmed a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a report on Thursday, April 4th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.44.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction 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 sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company’s stock.

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.