Exxon Mobil Co. (NYSE:XOM) Stock Position Lessened by McGowan Group Asset Management Inc.

McGowan Group Asset Management Inc. decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 258,194 shares of the oil and gas company’s stock after selling 2,404 shares during the period. Exxon Mobil accounts for 3.7% of McGowan Group Asset Management Inc.’s portfolio, making the stock its 7th largest position. McGowan Group Asset Management Inc.’s holdings in Exxon Mobil were worth $27,774,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of XOM. Fairway Wealth LLC acquired a new position in Exxon Mobil during the 4th quarter worth $31,000. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $46,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $47,000. Finally, Clarity Asset Management Inc. raised its holdings in shares of Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.6%

Shares of Exxon Mobil stock opened at $109.04 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $469.90 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company’s 50 day moving average is $109.04 and its 200 day moving average is $111.01. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. Exxon Mobil’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.06 EPS. Research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is 52.52%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on XOM shares. Argus raised Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company lowered their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Barclays decreased their target price on Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Royal Bank of Canada cut their target price on Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating on the stock in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $125.85.

About Exxon Mobil

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.