Harvey Investment Co. LLC Sells 200 Shares of Exxon Mobil Co. (NYSE:XOM)

Harvey Investment Co. LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 116,859 shares of the oil and gas company’s stock after selling 200 shares during the period. Exxon Mobil comprises approximately 1.5% of Harvey Investment Co. LLC’s investment portfolio, making the stock its 24th biggest holding. Harvey Investment Co. LLC’s holdings in Exxon Mobil were worth $12,571,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $1,000,000. Solutions 4 Wealth Ltd bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $298,000. Global X Japan Co. Ltd. lifted its position in shares of Exxon Mobil by 18.6% in the 4th quarter. Global X Japan Co. Ltd. now owns 4,350 shares of the oil and gas company’s stock worth $468,000 after purchasing an additional 682 shares during the period. Beese Fulmer Investment Management Inc. boosted its stake in shares of Exxon Mobil by 0.5% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 191,478 shares of the oil and gas company’s stock valued at $20,597,000 after purchasing an additional 921 shares in the last quarter. Finally, Fairvoy Private Wealth LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $4,022,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction 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 sale, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on XOM shares. The Goldman Sachs Group lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Wells Fargo & Company dropped their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Mizuho cut their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Piper Sandler cut their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, Bank of America assumed coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Stock Performance

NYSE:XOM opened at $110.98 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market capitalization of $487.75 billion, a PE ratio of 14.15, a P/E/G ratio of 2.94 and a beta of 0.89. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34. The company has a fifty day moving average of $109.41 and a two-hundred day moving average of $114.97.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 company posted $2.48 EPS. As a group, research analysts forecast that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

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.