LifeGuide Financial Advisors LLC Trims Holdings in Exxon Mobil Co. (NYSE:XOM)

LifeGuide Financial Advisors LLC reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 17.8% during the 4th quarter, HoldingsChannel reports. The firm owned 6,102 shares of the oil and gas company’s stock after selling 1,317 shares during the period. Exxon Mobil accounts for approximately 0.3% of LifeGuide Financial Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. LifeGuide Financial Advisors LLC’s holdings in Exxon Mobil were worth $656,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. AXA S.A. increased its stake in Exxon Mobil by 18.5% in the 2nd quarter. AXA S.A. now owns 130,996 shares of the oil and gas company’s stock valued at $15,080,000 after buying an additional 20,475 shares during the period. MBB Public Markets I LLC boosted its holdings in shares of Exxon Mobil by 2,165.3% in the second quarter. MBB Public Markets I LLC now owns 318,744 shares of the oil and gas company’s stock valued at $36,694,000 after acquiring an additional 304,673 shares in the last quarter. Marathon Capital Management increased its stake in shares of Exxon Mobil by 4.2% during the second quarter. Marathon Capital Management now owns 10,007 shares of the oil and gas company’s stock worth $1,152,000 after acquiring an additional 400 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Exxon Mobil by 18.6% during the second quarter. The Manufacturers Life Insurance Company now owns 3,792,336 shares of the oil and gas company’s stock worth $436,574,000 after purchasing an additional 593,729 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Exxon Mobil by 120.3% in the second quarter. Mackenzie Financial Corp now owns 2,943,754 shares of the oil and gas company’s stock valued at $338,885,000 after purchasing an additional 1,607,663 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

XOM has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Wolfe Research upped their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Mizuho reduced their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, Bank of America started coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Trading Down 1.4 %

Exxon Mobil stock opened at $108.64 on Friday. The stock has a market cap of $477.48 billion, a PE ratio of 13.53, a P/E/G ratio of 2.86 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. The stock has a 50-day moving average price of $111.77 and a 200 day moving average price of $115.41. Exxon Mobil Co. has a 52 week low of $99.61 and a 52 week high of $126.34.

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 for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the previous year, the business posted $2.27 earnings per share. The company’s revenue was down .8% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 49.32%.

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.