1858 Wealth Management LLC Sells 1,392 Shares of Exxon Mobil Co. (NYSE:XOM)

1858 Wealth Management LLC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 29.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,393 shares of the oil and gas company’s stock after selling 1,392 shares during the period. 1858 Wealth Management LLC’s holdings in Exxon Mobil were worth $365,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Avitas Wealth Management LLC increased its holdings in shares of Exxon Mobil by 0.4% in the fourth quarter. Avitas Wealth Management LLC now owns 55,615 shares of the oil and gas company’s stock worth $5,983,000 after acquiring an additional 203 shares in the last quarter. Ninety One UK Ltd increased its stake in Exxon Mobil by 10.4% during the 4th quarter. Ninety One UK Ltd now owns 2,991,131 shares of the oil and gas company’s stock worth $321,756,000 after purchasing an additional 281,925 shares in the last quarter. RFG Holdings Inc. raised its holdings in Exxon Mobil by 0.8% during the 4th quarter. RFG Holdings Inc. now owns 13,180 shares of the oil and gas company’s stock worth $1,418,000 after buying an additional 102 shares during the period. James J. Burns & Company LLC lifted its stake in Exxon Mobil by 186.4% in the fourth quarter. James J. Burns & Company LLC now owns 35,042 shares of the oil and gas company’s stock valued at $3,770,000 after buying an additional 22,808 shares in the last quarter. Finally, Mather Group LLC. boosted its holdings in shares of Exxon Mobil by 6.4% in the fourth quarter. Mather Group LLC. now owns 93,974 shares of the oil and gas company’s stock valued at $10,109,000 after buying an additional 5,681 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $108.87 on Friday. 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 company has a market capitalization of $478.49 billion, a P/E ratio of 13.89, a P/E/G ratio of 2.79 and a beta of 0.89. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34. The stock has a 50 day moving average of $109.59 and a 200-day moving average of $115.00.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the firm earned $2.48 EPS. As a group, equities research analysts predict that Exxon Mobil Co. will post 7.65 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.64%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Analysts Set New Price Targets

XOM has been the topic of several research reports. Bernstein Bank boosted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Scotiabank cut their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Piper Sandler decreased their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Mizuho cut their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Transactions at Exxon Mobil

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

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.