Goldstream Capital Management Ltd Reduces Position in Exxon Mobil Co. (NYSE:XOM)

Goldstream Capital Management Ltd lowered its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 53.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,662 shares of the oil and gas company's stock after selling 4,260 shares during the period. Exxon Mobil comprises approximately 0.1% of Goldstream Capital Management Ltd's holdings, making the stock its 24th largest position. Goldstream Capital Management Ltd's holdings in Exxon Mobil were worth $394,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its stake in Exxon Mobil by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock valued at $786,453,000 after purchasing an additional 521,932 shares in the last quarter. McIlrath & Eck LLC increased its position in shares of Exxon Mobil by 7.4% in the third quarter. McIlrath & Eck LLC now owns 5,603 shares of the oil and gas company's stock valued at $657,000 after buying an additional 387 shares in the last quarter. Passumpsic Savings Bank raised its stake in shares of Exxon Mobil by 50.5% during the 3rd quarter. Passumpsic Savings Bank now owns 3,619 shares of the oil and gas company's stock worth $424,000 after buying an additional 1,214 shares during the last quarter. Advisory Resource Group boosted its position in shares of Exxon Mobil by 3.0% in the 3rd quarter. Advisory Resource Group now owns 43,700 shares of the oil and gas company's stock worth $5,123,000 after buying an additional 1,270 shares in the last quarter. Finally, Diamant Asset Management Inc. grew its stake in Exxon Mobil by 0.9% in the 3rd quarter. Diamant Asset Management Inc. now owns 12,949 shares of the oil and gas company's stock valued at $1,518,000 after acquiring an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business'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 transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company's stock.

Exxon Mobil Trading Down 0.2 %

Shares of NYSE XOM traded down $0.23 during midday trading on Friday, hitting $108.40. The stock had a trading volume of 5,246,452 shares, compared to its average volume of 15,906,943. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a market capitalization of $468.87 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 3.02 and a beta of 0.61. The company has a fifty day moving average price of $109.78 and a 200 day moving average price of $112.36.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 business posted $2.48 earnings per share. On average, analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is presently 50.51%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Argus upgraded Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Barclays cut their price target on Exxon Mobil from $135.00 to $130.00 and set an "overweight" rating for the company in a report on Wednesday. UBS Group dropped their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Wells Fargo & Company reduced their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $126.50.

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.