Hartford Financial Management Inc. Reduces Holdings in Exxon Mobil Corporation $XOM

Hartford Financial Management Inc. lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 33.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,796 shares of the oil and gas company’s stock after selling 16,685 shares during the quarter. Hartford Financial Management Inc.’s holdings in Exxon Mobil were worth $3,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Eagle Capital Management LLC boosted its position in shares of Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares in the last quarter. Ironwood Wealth Management LLC. purchased a new position in Exxon Mobil during the first quarter valued at $200,000. Brucke Financial Inc. grew its position in shares of Exxon Mobil by 2.1% in the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after buying an additional 142 shares during the period. CNB Bank increased its stake in shares of Exxon Mobil by 5.7% in the 1st quarter. CNB Bank now owns 33,019 shares of the oil and gas company’s stock worth $3,927,000 after acquiring an additional 1,780 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. lifted its position in Exxon Mobil by 19.6% during the 1st quarter. Total Wealth Planning & Management Inc. now owns 14,230 shares of the oil and gas company’s stock valued at $1,692,000 after acquiring an additional 2,329 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Thursday, October 9th. Barclays cut their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Morgan Stanley lifted their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research note on Friday. Finally, Mizuho reduced their price target on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $127.58.

Exxon Mobil Stock Down 0.5%

Exxon Mobil stock opened at $115.39 on Monday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The stock has a fifty day simple moving average of $112.58 and a two-hundred day simple moving average of $109.56. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a market cap of $491.94 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.05 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion for the quarter. Equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. Exxon Mobil’s dividend payout ratio is 56.25%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by company insiders.

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.