Xponance Inc. Decreases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Xponance Inc. reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 585,596 shares of the oil and gas company’s stock after selling 17,404 shares during the quarter. Exxon Mobil makes up approximately 0.6% of Xponance Inc.’s holdings, making the stock its 21st largest holding. Xponance Inc.’s holdings in Exxon Mobil were worth $62,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the fourth quarter worth about $31,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil during the fourth quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil during the fourth quarter worth approximately $46,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil during the fourth quarter worth approximately $47,000. Finally, Synergy Investment Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth approximately $47,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on XOM. The Goldman Sachs Group decreased their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. BMO Capital Markets decreased their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. UBS Group reduced their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, Wells Fargo & Company reduced their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Activity at Exxon Mobil

In related 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 value of $231,000.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Up 1.7 %

Shares of NYSE XOM opened at $113.79 on Tuesday. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market capitalization of $493.74 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The business has a 50-day moving average of $109.47 and a two-hundred day moving average of $113.60.

Exxon Mobil (NYSE:XOM) last posted its 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 previous year, the company earned $2.48 earnings per share. On average, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Exxon Mobil Company 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.