DLK Investment Management LLC Has $363,000 Holdings in Exxon Mobil Co. (NYSE:XOM)

DLK Investment Management LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,379 shares of the oil and gas company’s stock after selling 146 shares during the period. DLK Investment Management LLC’s holdings in Exxon Mobil were worth $363,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of XOM. Eagle Capital Management LLC grew its holdings in shares of Exxon Mobil by 4.9% during the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after buying an additional 114 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Exxon Mobil by 21.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,765 shares of the oil and gas company’s stock valued at $1,124,000 after purchasing an additional 1,737 shares during the last quarter. Certified Advisory Corp increased its holdings in Exxon Mobil by 20.9% during the 2nd quarter. Certified Advisory Corp now owns 10,418 shares of the oil and gas company’s stock worth $1,199,000 after purchasing an additional 1,799 shares in the last quarter. Interval Partners LP purchased a new stake in shares of Exxon Mobil in the second quarter worth approximately $4,155,000. Finally, Resources Management Corp CT ADV lifted its holdings in shares of Exxon Mobil by 0.7% in the second quarter. Resources Management Corp CT ADV now owns 56,828 shares of the oil and gas company’s stock valued at $6,542,000 after purchasing an additional 368 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on XOM. TD Cowen decreased their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. lowered their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research note on Wednesday, October 9th. Finally, Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $111.52 on Wednesday. The firm’s 50 day moving average is $112.40 and its 200 day moving average is $115.50. The stock has a market capitalization of $490.12 billion, a P/E ratio of 13.89, a PEG ratio of 3.01 and a beta of 0.91. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. 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 results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period last year, the company earned $2.27 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.55%. Exxon Mobil’s dividend payout ratio is currently 49.32%.

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.