Kovack Advisors Inc. Lowers Position in Exxon Mobil Corporation $XOM

Kovack Advisors Inc. lessened its stake in Exxon Mobil Corporation (NYSE:XOM) by 9.1% during the third quarter, Holdings Channel reports. The firm owned 35,023 shares of the oil and gas company’s stock after selling 3,499 shares during the period. Kovack Advisors Inc.’s holdings in Exxon Mobil were worth $3,949,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Berkeley Capital Partners LLC lifted its stake in Exxon Mobil by 0.9% during the 3rd quarter. Berkeley Capital Partners LLC now owns 24,512 shares of the oil and gas company’s stock valued at $2,764,000 after acquiring an additional 223 shares in the last quarter. Schrum Private Wealth Management LLC raised its holdings in shares of Exxon Mobil by 11.2% in the third quarter. Schrum Private Wealth Management LLC now owns 6,875 shares of the oil and gas company’s stock valued at $775,000 after purchasing an additional 690 shares during the last quarter. Excalibur Management Corp raised its holdings in shares of Exxon Mobil by 0.4% in the third quarter. Excalibur Management Corp now owns 27,030 shares of the oil and gas company’s stock valued at $3,048,000 after purchasing an additional 112 shares during the last quarter. Northern Financial Advisors Inc lifted its position in shares of Exxon Mobil by 1.3% during the third quarter. Northern Financial Advisors Inc now owns 24,191 shares of the oil and gas company’s stock valued at $2,728,000 after purchasing an additional 317 shares in the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. boosted its holdings in Exxon Mobil by 8.0% during the third quarter. Strategic Family Wealth Counselors L.L.C. now owns 3,058 shares of the oil and gas company’s stock worth $345,000 after purchasing an additional 227 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on XOM shares. Sanford C. Bernstein decreased their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Wells Fargo & Company reduced their target price on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, February 2nd. Loop Capital set a $123.00 price target on Exxon Mobil in a report on Tuesday, February 3rd. Mizuho set a $140.00 price objective on Exxon Mobil in a research note on Wednesday, February 4th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $155.00 target price on shares of Exxon Mobil in a research report on Wednesday, February 4th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $140.59.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 5,000 shares of Exxon Mobil stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president owned 23,584 shares in the company, valued at $3,295,864. This trade represents a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 14,230 shares of company stock worth $1,888,421 in the last three months. 0.03% of the stock is owned by company insiders.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $151.09 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $131.72 and a two-hundred day simple moving average of $119.77. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $156.93. The firm has a market cap of $637.18 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 15.63 and a beta of 0.39.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.08. The firm had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The business’s revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.67 earnings per share. Analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.7%. Exxon Mobil’s dividend payout ratio is 61.58%.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.