Country Club Bank GFN Sells 16,472 Shares of Exxon Mobil Co. (NYSE:XOM)

Country Club Bank GFN cut its holdings in Exxon Mobil Co. (NYSE:XOMFree Report) by 15.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 89,591 shares of the oil and gas company’s stock after selling 16,472 shares during the period. Country Club Bank GFN’s holdings in Exxon Mobil were worth $8,976,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. KB Financial Partners LLC purchased a new position in shares of Exxon Mobil during the 1st quarter worth about $27,000. IMA Wealth Inc. boosted its stake in shares of Exxon Mobil by 720.0% during 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 purchased a new position in shares of Exxon Mobil during the 4th quarter worth about $43,000. Turim 21 Investimentos Ltda. boosted its stake in shares of 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 purchasing an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. purchased a new position in shares of Exxon Mobil during the 3rd quarter worth about $49,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 0.1 %

NYSE XOM opened at $119.34 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 firm has a market cap of $473.52 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 4.28 and a beta of 0.96. The company has a 50 day moving average price of $107.34 and a 200 day moving average price of $105.99. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $120.70.

Exxon Mobil (NYSE:XOMGet Free Report) 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. The firm had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. Exxon Mobil’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.40 EPS. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 9.11 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent analyst reports. TD Cowen lifted their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday, December 8th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $128.47.

Get Our Latest Analysis on XOM

About Exxon Mobil

(Free Report)

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.

See Also

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOMFree Report).

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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