Ascension Capital Advisors Inc. Has $4.56 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Ascension Capital Advisors Inc. trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 30.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,387 shares of the oil and gas company’s stock after selling 18,915 shares during the quarter. Exxon Mobil comprises about 2.0% of Ascension Capital Advisors Inc.’s portfolio, making the stock its 15th biggest position. Ascension Capital Advisors Inc.’s holdings in Exxon Mobil were worth $4,560,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in XOM. Keystone Financial Group Inc. acquired a new position in Exxon Mobil during the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $46,000. Compass Planning Associates Inc bought a new stake in Exxon Mobil during the 4th quarter worth approximately $47,000. Compass Financial Services Inc bought a new stake in Exxon Mobil during the 4th quarter worth approximately $48,000. Finally, Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the 3rd quarter worth approximately $51,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on XOM. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Scotiabank decreased their price objective on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. BMO Capital Markets decreased their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. Finally, Morgan Stanley boosted their price objective on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $110.06 on Friday. Exxon Mobil Co. has a 12 month low of $104.00 and a 12 month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The business’s 50 day simple moving average is $108.84 and its 200 day simple moving average is $114.31. The company has a market cap of $477.58 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the company posted $2.48 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.60%. Exxon Mobil’s payout ratio is 50.51%.

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.