Alpha Omega Wealth Management LLC Lowers Stake in Exxon Mobil Co. (NYSE:XOM)

Alpha Omega Wealth Management LLC trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,612 shares of the oil and gas company’s stock after selling 1,521 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Exxon Mobil were worth $792,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Wealth Architects LLC grew its stake in Exxon Mobil by 19.3% in the 3rd quarter. Wealth Architects LLC now owns 17,813 shares of the oil and gas company’s stock valued at $1,514,000 after buying an additional 2,881 shares during the last quarter. Peachtree Investment Advisors Inc. boosted its position in shares of Exxon Mobil by 7.1% during the 3rd quarter. Peachtree Investment Advisors Inc. now owns 9,401 shares of the oil and gas company’s stock worth $799,000 after acquiring an additional 625 shares in the last quarter. Fox Run Management L.L.C. boosted its position in shares of Exxon Mobil by 49.7% during the 3rd quarter. Fox Run Management L.L.C. now owns 4,931 shares of the oil and gas company’s stock worth $419,000 after acquiring an additional 1,638 shares in the last quarter. Windsor Group LTD boosted its position in shares of Exxon Mobil by 86.7% during the 3rd quarter. Windsor Group LTD now owns 14,656 shares of the oil and gas company’s stock worth $1,246,000 after acquiring an additional 6,807 shares in the last quarter. Finally, Boenning & Scattergood Inc. boosted its position in shares of Exxon Mobil by 3.8% during the 3rd quarter. Boenning & Scattergood Inc. now owns 132,186 shares of the oil and gas company’s stock worth $11,239,000 after acquiring an additional 4,892 shares in the last quarter. Institutional investors and hedge funds own 54.63% of the company’s stock.

Shares of XOM traded up $0.65 during trading hours on Friday, hitting $76.56. 11,054,821 shares of the stock were exchanged, compared to its average volume of 11,443,023. Exxon Mobil Co. has a fifty-two week low of $64.65 and a fifty-two week high of $87.36. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The stock has a market cap of $325.31 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 1.60 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.20). The firm had revenue of $63.63 billion for the quarter, compared to analyst estimates of $67.35 billion. Exxon Mobil had a return on equity of 9.63% and a net margin of 6.49%. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 3.98 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 4.55%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Friday, May 10th. Exxon Mobil’s dividend payout ratio (DPR) is presently 66.53%.

Several analysts recently issued reports on the stock. HSBC reiterated a “buy” rating and set a $86.50 price target on shares of Exxon Mobil in a research report on Wednesday, February 20th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $87.00 price objective on shares of Exxon Mobil in a research note on Friday, April 26th. Goldman Sachs Group reissued a “hold” rating and issued a $80.00 price objective on shares of Exxon Mobil in a research note on Monday, April 29th. Morgan Stanley began coverage on shares of Exxon Mobil in a research note on Monday, April 1st. They issued an “equal weight” rating and a $84.00 price objective for the company. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil in a research note on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $84.76.

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About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

See Also: Producer Price Index (PPI)

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

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