Kohmann Bosshard Financial Services LLC Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

Kohmann Bosshard Financial Services LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,078 shares of the oil and gas company’s stock after selling 268 shares during the period. Kohmann Bosshard Financial Services LLC’s holdings in Exxon Mobil were worth $761,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of XOM. Greenwich Wealth Management LLC increased its stake in Exxon Mobil by 1.3% in the 3rd quarter. Greenwich Wealth Management LLC now owns 12,943 shares of the oil and gas company’s stock worth $1,517,000 after purchasing an additional 165 shares during the period. Sollinda Capital Management LLC increased its stake in shares of Exxon Mobil by 10.9% during the third quarter. Sollinda Capital Management LLC now owns 3,867 shares of the oil and gas company’s stock valued at $453,000 after buying an additional 380 shares during the period. Argonautica Private Wealth Management Inc. increased its stake in shares of Exxon Mobil by 1.1% during the third quarter. Argonautica Private Wealth Management Inc. now owns 23,239 shares of the oil and gas company’s stock valued at $2,724,000 after buying an additional 259 shares during the period. Princeton Global Asset Management LLC increased its stake in shares of Exxon Mobil by 5.6% during the third quarter. Princeton Global Asset Management LLC now owns 14,904 shares of the oil and gas company’s stock valued at $1,747,000 after buying an additional 788 shares during the period. Finally, Clear Creek Financial Management LLC increased its stake in shares of Exxon Mobil by 5.0% during the third quarter. Clear Creek Financial Management LLC now owns 9,549 shares of the oil and gas company’s stock valued at $1,119,000 after buying an additional 454 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 3.3 %

Exxon Mobil stock opened at $107.69 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The business’s fifty day simple moving average is $108.98 and its two-hundred day simple moving average is $114.12. Exxon Mobil Co. has a 12 month low of $104.03 and a 12 month high of $126.34. The company has a market capitalization of $467.28 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted 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 return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the firm posted $2.48 earnings per share. As a group, equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on XOM. Scotiabank reduced their target price on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Piper Sandler reduced their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. UBS Group reduced their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Mizuho dropped their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, HSBC dropped their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Profile

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.