Wealth Management Partners LLC Sells 2,463 Shares of Exxon Mobil Co. (NYSE:XOM)

Wealth Management Partners LLC lessened its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 7.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 28,563 shares of the oil and gas company’s stock after selling 2,463 shares during the period. Exxon Mobil makes up about 1.3% of Wealth Management Partners LLC’s investment portfolio, making the stock its 17th largest position. Wealth Management Partners LLC’s holdings in Exxon Mobil were worth $3,073,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Hershey Financial Advisers LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at $46,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $46,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the third quarter valued at about $51,000. Highline Wealth Partners LLC bought a new stake in Exxon Mobil during the third quarter worth about $54,000. Finally, Harbor Capital Advisors Inc. bought a new position in Exxon Mobil in the third quarter valued at approximately $63,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Morgan Stanley dropped their price objective on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. The Goldman Sachs Group increased their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Wolfe Research boosted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Wells Fargo & Company raised their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. One equities 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.84.

Get Our Latest Report on XOM

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $111.52 on Wednesday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company’s 50 day moving average price is $112.40 and its two-hundred day moving average price is $115.50. The firm has a market cap of $490.12 billion, a PE ratio of 13.89, a PEG ratio of 3.01 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data 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. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $2.27 EPS. Equities research analysts predict that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company 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 is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.55%. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Exxon Mobil Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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