Delta Capital Management LLC Has $6.81 Million Stake in Exxon Mobil Corporation $XOM

Delta Capital Management LLC trimmed its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 18.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,559 shares of the oil and gas company’s stock after selling 12,680 shares during the quarter. Exxon Mobil makes up 2.5% of Delta Capital Management LLC’s portfolio, making the stock its 5th biggest position. Delta Capital Management LLC’s holdings in Exxon Mobil were worth $6,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in XOM. apricus wealth LLC raised its stake in shares of Exxon Mobil by 20.4% in the 4th quarter. apricus wealth LLC now owns 10,269 shares of the oil and gas company’s stock valued at $1,236,000 after purchasing an additional 1,740 shares in the last quarter. Northstar Advisory Group LLC grew its stake in Exxon Mobil by 148.2% in the fourth quarter. Northstar Advisory Group LLC now owns 51,047 shares of the oil and gas company’s stock worth $6,143,000 after purchasing an additional 30,478 shares in the last quarter. Polaris Investment Advisors LLC acquired a new position in Exxon Mobil in the fourth quarter worth about $292,000. Wealth Quarterback LLC increased its holdings in Exxon Mobil by 0.7% in the fourth quarter. Wealth Quarterback LLC now owns 18,097 shares of the oil and gas company’s stock valued at $2,178,000 after buying an additional 132 shares during the last quarter. Finally, Private Advisory Group LLC raised its stake in Exxon Mobil by 4.6% during the fourth quarter. Private Advisory Group LLC now owns 137,487 shares of the oil and gas company’s stock valued at $16,545,000 after buying an additional 6,039 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil News Summary

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Trading Down 5.2%

Shares of NYSE:XOM opened at $160.89 on Thursday. The company has a market cap of $670.40 billion, a PE ratio of 24.05, a P/E/G ratio of 1.17 and a beta of 0.29. The company’s 50-day moving average price is $151.47 and its 200 day moving average price is $129.29. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $176.41. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. The firm had revenue of $80.04 billion during the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. Exxon Mobil’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.67 EPS. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.6%. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

Analysts Set New Price Targets

A number of research firms have commented on XOM. Scotiabank raised Exxon Mobil to a “strong-buy” rating in a report on Friday, March 27th. Jefferies Financial Group boosted their price target on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Mizuho raised their price objective on Exxon Mobil from $140.00 to $162.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Sanford C. Bernstein decreased their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Finally, Citigroup boosted their target price on shares of Exxon Mobil from $118.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of “Hold” and a consensus price target of $151.00.

Read Our Latest Analysis on XOM

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, the vice president owned 23,584 shares in the company, valued at $3,295,864. This trade represents a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 11,460 shares of company stock worth $1,687,854 in the last quarter. 0.03% of the stock is owned by company insiders.

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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

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