Centric Wealth Management Trims Holdings in Exxon Mobil Co. (NYSE:XOM)

Centric Wealth Management cut its stake in Exxon Mobil Co. (NYSE:XOM) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,921 shares of the oil and gas company’s stock after selling 501 shares during the period. Centric Wealth Management’s holdings in Exxon Mobil were worth $3,111,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its position in shares of Exxon Mobil by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after buying an additional 521,932 shares during the last quarter. United Bank raised its stake in Exxon Mobil by 3.7% during the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock worth $2,101,000 after acquiring an additional 641 shares during the period. Tradition Wealth Management LLC lifted its holdings in Exxon Mobil by 3.3% in the third quarter. Tradition Wealth Management LLC now owns 11,384 shares of the oil and gas company’s stock worth $1,334,000 after acquiring an additional 362 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Exxon Mobil in the third quarter valued at approximately $5,536,000. Finally, Benjamin Edwards Inc. grew its holdings in shares of Exxon Mobil by 1,494.3% during the third quarter. Benjamin Edwards Inc. now owns 492,735 shares of the oil and gas company’s stock valued at $57,764,000 after purchasing an additional 461,828 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Mizuho lowered their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Barclays cut their price objective on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Scotiabank decreased their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Finally, Wells Fargo & Company cut their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $129.05.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $119.09 on Tuesday. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. 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 firm has a 50-day moving average of $110.87 and a two-hundred day moving average of $113.80. The company has a market capitalization of $516.73 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 quarter last year, the business earned $2.48 EPS. As a group, analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Activity

In other Exxon Mobil 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 sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by company insiders.

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.