Sigma Planning Corp Sells 89,961 Shares of Exxon Mobil Co. (NYSE:XOM)

Sigma Planning Corp lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 65.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,201 shares of the oil and gas company’s stock after selling 89,961 shares during the quarter. Sigma Planning Corp’s holdings in Exxon Mobil were worth $4,719,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Smith & Howard Wealth Management LLC purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $234,000. CWM LLC grew its position in Exxon Mobil by 9.5% during the 4th quarter. CWM LLC now owns 591,057 shares of the oil and gas company’s stock worth $59,094,000 after purchasing an additional 51,081 shares during the last quarter. Criterion Capital Advisors LLC purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $487,000. Gradient Capital Advisors LLC grew its position in Exxon Mobil by 4.3% during the 4th quarter. Gradient Capital Advisors LLC now owns 3,946 shares of the oil and gas company’s stock worth $395,000 after purchasing an additional 161 shares during the last quarter. Finally, Annapolis Financial Services LLC grew its position in Exxon Mobil by 7.3% during the 4th quarter. Annapolis Financial Services LLC now owns 2,229 shares of the oil and gas company’s stock worth $223,000 after purchasing an additional 152 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of several research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Scotiabank boosted their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, UBS Group upped their price objective on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.28.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $120.58 on Tuesday. The company’s fifty day moving average price is $111.89 and its 200 day moving average price is $106.31. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a market capitalization of $477.29 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 4.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The company had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.40 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is presently 42.74%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a document filed 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.