Exxon Mobil Co. (NYSE:XOM) Shares Sold by Midland Wealth Advisors LLC

Midland Wealth Advisors LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 5.4% during the fourth quarter, Holdings Channel reports. The firm owned 22,594 shares of the oil and gas company’s stock after selling 1,287 shares during the period. Midland Wealth Advisors LLC’s holdings in Exxon Mobil were worth $2,430,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil during the 4th quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth about $46,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $47,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the 3rd quarter valued at about $51,000. Finally, Synergy Investment Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $109.05 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The company has a 50-day simple moving average of $109.05 and a 200-day simple moving average of $113.87. The company has a market capitalization of $473.20 billion, a PE ratio of 13.91, a P/E/G ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 in the previous year, the firm earned $2.48 earnings per share. Equities research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.63%. Exxon Mobil’s payout ratio is 50.51%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on XOM. Morgan Stanley lifted their price target on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. TD Cowen cut their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Wells Fargo & Company reduced their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. BMO Capital Markets lowered their price objective on shares of 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. Finally, The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

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.