Whitegate Investment Counselors Inc. Cuts Stock Holdings in Exxon Mobil Corporation $XOM

Whitegate Investment Counselors Inc. lessened its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 68.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,193 shares of the oil and gas company’s stock after selling 4,788 shares during the period. Whitegate Investment Counselors Inc.’s holdings in Exxon Mobil were worth $247,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KLP Kapitalforvaltning AS raised its stake in Exxon Mobil by 1.3% in the third quarter. KLP Kapitalforvaltning AS now owns 1,845,336 shares of the oil and gas company’s stock worth $208,062,000 after buying an additional 22,900 shares in the last quarter. Integral Investment Advisors Inc. boosted its position in Exxon Mobil by 2.9% during the 3rd quarter. Integral Investment Advisors Inc. now owns 3,894 shares of the oil and gas company’s stock valued at $439,000 after acquiring an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Exxon Mobil by 3.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 156,377 shares of the oil and gas company’s stock valued at $17,632,000 after acquiring an additional 4,949 shares during the period. Crews Bank & Trust raised its position in shares of Exxon Mobil by 2.8% in the 3rd quarter. Crews Bank & Trust now owns 12,511 shares of the oil and gas company’s stock worth $1,411,000 after acquiring an additional 343 shares in the last quarter. Finally, Tilson Financial Group Inc. lifted its stake in shares of Exxon Mobil by 2.2% during the 3rd quarter. Tilson Financial Group Inc. now owns 35,070 shares of the oil and gas company’s stock worth $3,954,000 after purchasing an additional 749 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $124.60 on Friday. The company has a 50 day moving average price of $118.05 and a 200 day moving average price of $113.87. The firm has a market capitalization of $525.44 billion, a P/E ratio of 18.11, a PEG ratio of 7.57 and a beta of 0.37. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $125.93.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $57.55 billion for the quarter. Sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a $1.03 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.3%. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the sale, the vice president owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

XOM has been the topic of several analyst reports. Zacks Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. Sanford C. Bernstein decreased their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Finally, Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Hold” and an average target price of $129.71.

Check Out Our Latest Research Report on XOM

Key Stories Impacting Exxon Mobil

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

Exxon Mobil Company Profile

(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.

Further Reading

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

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