Exxon Mobil Co. (NYSE:XOM) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 1.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,199 shares of the oil and gas company’s stock after selling 1,455 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Exxon Mobil were worth $11,639,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Phillips Wealth Planners LLC grew its holdings in shares of Exxon Mobil by 2.9% in the 4th quarter. Phillips Wealth Planners LLC now owns 6,810 shares of the oil and gas company’s stock worth $726,000 after acquiring an additional 193 shares during the last quarter. Kelleher Financial Advisors grew its holdings in shares of Exxon Mobil by 5.1% during the fourth quarter. Kelleher Financial Advisors now owns 6,968 shares of the oil and gas company’s stock valued at $750,000 after buying an additional 339 shares in the last quarter. Marino Stram & Associates LLC grew its holdings in shares of Exxon Mobil by 0.6% during the fourth quarter. Marino Stram & Associates LLC now owns 20,344 shares of the oil and gas company’s stock valued at $2,188,000 after buying an additional 121 shares in the last quarter. Park Place Capital Corp grew its holdings in shares of Exxon Mobil by 1.9% during the fourth quarter. Park Place Capital Corp now owns 16,133 shares of the oil and gas company’s stock valued at $1,735,000 after buying an additional 308 shares in the last quarter. Finally, Magnus Financial Group LLC grew its holdings in shares of Exxon Mobil by 1.1% during the fourth quarter. Magnus Financial Group LLC now owns 56,446 shares of the oil and gas company’s stock valued at $6,072,000 after buying an additional 604 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

NYSE XOM opened at $108.64 on Friday. Exxon Mobil Co. has a twelve month low of $99.61 and a twelve month high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock has a market capitalization 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 stock has a 50-day simple moving average of $111.77 and a 200 day simple moving average of $115.41.

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, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the firm earned $2.27 EPS. The firm’s revenue was down .8% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on XOM. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a report on Wednesday, October 9th. Barclays lowered their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. BMO Capital Markets boosted their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. TD Cowen lowered their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. lowered their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $128.84.

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.