Ancora Advisors LLC Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Ancora Advisors LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,778 shares of the oil and gas company's stock after selling 6,807 shares during the quarter. Ancora Advisors LLC's holdings in Exxon Mobil were worth $8,367,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Anderson Financial Strategies LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $108,000. Aptus Capital Advisors LLC increased its holdings in shares of Exxon Mobil by 45.9% during the fourth quarter. Aptus Capital Advisors LLC now owns 532,914 shares of the oil and gas company's stock valued at $57,326,000 after acquiring an additional 167,560 shares in the last quarter. Aspire Growth Partners LLC bought a new position in Exxon Mobil in the 4th quarter worth about $1,422,000. Accredited Wealth Management LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at about $55,000. Finally, Advocacy Wealth Management Services LLC bought a new stake in Exxon Mobil during the 4th quarter valued at about $429,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on XOM shares. HSBC reduced their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. BMO Capital Markets dropped their price objective on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research report on Friday, January 31st. Scotiabank decreased their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. The Goldman Sachs Group dropped their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, Royal Bank of Canada decreased their price objective on shares of Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating for the company in a report on Monday. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $125.85.

Exxon Mobil Price Performance

Shares of XOM traded down $2.98 during mid-day trading on Monday, reaching $103.23. The stock had a trading volume of 19,616,856 shares, compared to its average volume of 15,735,966. The firm has a market cap of $446.50 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The business has a fifty day moving average of $109.36 and a 200 day moving average of $111.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business's quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned $2.06 earnings per share. Equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 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.