Morse Asset Management Inc Lowers Position in Exxon Mobil Co. (NYSE:XOM)

Morse Asset Management Inc lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,952 shares of the oil and gas company's stock after selling 6,206 shares during the period. Exxon Mobil comprises approximately 1.6% of Morse Asset Management Inc's investment portfolio, making the stock its 17th biggest position. Morse Asset Management Inc's holdings in Exxon Mobil were worth $7,202,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $31,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the 4th quarter worth about $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth approximately $46,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $47,000. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on XOM. Barclays lowered their target price on Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Mizuho dropped their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday. Morgan Stanley cut their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. HSBC lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a report on Friday, January 31st. Finally, Royal Bank of Canada cut their price target on Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating on the stock in a report on Monday, May 5th. 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded down $0.04 during mid-day trading on Thursday, hitting $108.44. The stock had a trading volume of 14,990,663 shares, compared to its average volume of 15,574,029. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a 50 day moving average of $109.07 and a two-hundred day moving average of $110.98. 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 firm has a market cap of $467.34 billion, a PE ratio of 13.83, a PEG ratio of 3.02 and a beta of 0.51.

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

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.65%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

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.