Agate Pass Investment Management LLC Sells 164 Shares of Exxon Mobil Co. (NYSE:XOM)

Agate Pass Investment Management LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,535 shares of the oil and gas company’s stock after selling 164 shares during the quarter. Agate Pass Investment Management LLC’s holdings in Exxon Mobil were worth $1,994,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Thomasville National Bank lifted its position in shares of Exxon Mobil by 1.5% during the fourth quarter. Thomasville National Bank now owns 196,757 shares of the oil and gas company’s stock valued at $21,165,000 after buying an additional 2,862 shares during the last quarter. Kieckhefer Group LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $7,748,000. Capital Investment Advisors LLC boosted its stake in Exxon Mobil by 0.3% in the fourth quarter. Capital Investment Advisors LLC now owns 209,554 shares of the oil and gas company’s stock valued at $22,542,000 after acquiring an additional 647 shares in the last quarter. City State Bank grew its holdings in Exxon Mobil by 2.0% in the fourth quarter. City State Bank now owns 6,326 shares of the oil and gas company’s stock worth $680,000 after purchasing an additional 126 shares during the last quarter. Finally, Trust Co. of Toledo NA OH increased its position in shares of Exxon Mobil by 4.1% during the fourth quarter. Trust Co. of Toledo NA OH now owns 73,589 shares of the oil and gas company’s stock worth $7,916,000 after purchasing an additional 2,870 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM traded up $1.99 during midday trading on Monday, hitting $108.53. 6,671,754 shares of the company traded hands, compared to its average volume of 14,073,593. The business has a 50 day simple moving average of $113.49 and a two-hundred day simple moving average of $115.65. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a market capitalization of $477.00 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 4.65 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the previous year, the firm posted $2.27 EPS. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. On average, equities analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

Analysts Set New Price Targets

XOM has been the topic of several research analyst reports. Morgan Stanley dropped their target price on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Mizuho dropped their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Barclays reduced their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. The Goldman Sachs Group upped their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $128.84.

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.