Exxon Mobil Co. (NYSE:XOM) Holdings Trimmed by Net Worth Advisory Group

Net Worth Advisory Group trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 13.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,385 shares of the oil and gas company’s stock after selling 1,461 shares during the period. Net Worth Advisory Group’s holdings in Exxon Mobil were worth $1,010,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Riverbend Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter valued at $627,000. Davis R M Inc. raised its position in Exxon Mobil by 4.9% during the fourth quarter. Davis R M Inc. now owns 421,722 shares of the oil and gas company’s stock valued at $45,365,000 after buying an additional 19,607 shares during the period. Claris Advisors LLC MO raised its position in Exxon Mobil by 44.2% during the fourth quarter. Claris Advisors LLC MO now owns 6,384 shares of the oil and gas company’s stock valued at $687,000 after buying an additional 1,958 shares during the period. Clare Market Investments LLC acquired a new position in Exxon Mobil during the fourth quarter valued at $3,240,000. Finally, Vista Investment Partners II LLC acquired a new position in Exxon Mobil during the fourth quarter valued at $1,000,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Exxon Mobil

In related 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 completion of the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on XOM shares. TD Cowen dropped their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. dropped their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Royal Bank of Canada reaffirmed 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 dropped their target price 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, BMO Capital Markets dropped 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Performance

XOM opened at $111.85 on Tuesday. The company has a market cap of $485.33 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The stock has a 50-day moving average of $109.17 and a 200-day moving average of $113.85. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last announced 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 prior year, the company posted $2.48 EPS. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.54%. Exxon Mobil’s payout ratio is 50.51%.

About Exxon Mobil

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.