Steward Partners Investment Advisory LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 667,445 shares of the oil and gas company's stock after selling 12,006 shares during the period. Exxon Mobil comprises approximately 0.6% of Steward Partners Investment Advisory LLC's investment portfolio, making the stock its 24th largest holding. Steward Partners Investment Advisory LLC's holdings in Exxon Mobil were worth $71,797,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of XOM. Keystone Financial Group Inc. purchased a new position in Exxon Mobil during the 4th quarter worth $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth $46,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil during the 4th quarter worth $47,000. Compass Financial Services Inc bought a new stake in shares of Exxon Mobil during the 4th quarter worth $48,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 3rd quarter worth $51,000. 61.80% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by insiders.
Shares of XOM traded down $2.03 during midday trading on Wednesday, hitting $105.51. 24,816,991 shares of the company traded hands, compared to its average volume of 14,970,757. The stock has a 50-day moving average of $108.98 and a 200-day moving average of $113.98. Exxon Mobil Co. has a one year low of $103.69 and a one year high of $126.34. The firm has a market cap of $457.82 billion, a P/E ratio of 13.46, a PEG ratio of 3.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 prior year, the firm earned $2.48 EPS. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil's payout ratio is 50.51%.
XOM has been the topic of a number of recent analyst reports. Bernstein Bank lifted their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. The Goldman Sachs Group lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. HSBC lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Morgan Stanley lifted their target price on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Finally, Mizuho lowered their target price on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.25.
View Our Latest Research Report on XOM
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.
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