Petra Financial Advisors Inc. Sells 113 Shares of Exxon Mobil Co. (NYSE:XOM)

Petra Financial Advisors Inc. trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.7% in the 4th quarter, Holdings Channel reports. The fund owned 4,042 shares of the oil and gas company’s stock after selling 113 shares during the quarter. Petra Financial Advisors Inc.’s holdings in Exxon Mobil were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Rockline Wealth Management LLC boosted its position in shares of Exxon Mobil by 6.1% in the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock valued at $2,788,000 after acquiring an additional 1,498 shares during the period. Renasant Bank boosted its position in shares of Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock valued at $1,115,000 after acquiring an additional 493 shares during the period. Helen Stephens Group LLC boosted its position in shares of Exxon Mobil by 7.3% in the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after acquiring an additional 2,825 shares during the period. Brooklyn Investment Group boosted its position in shares of Exxon Mobil by 36.8% in the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock valued at $2,945,000 after acquiring an additional 6,753 shares during the period. Finally, Hilltop Holdings Inc. boosted its position in shares of Exxon Mobil by 41.3% in the third quarter. Hilltop Holdings Inc. now owns 76,288 shares of the oil and gas company’s stock valued at $8,942,000 after acquiring an additional 22,296 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $113.79 on Tuesday. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. The firm has a market cap of $493.74 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The business has a fifty day moving average of $109.47 and a 200-day moving average of $113.60.

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 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 period last year, the business earned $2.48 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.48%. Exxon Mobil’s payout ratio is 50.51%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XOM. Scotiabank reduced their target price on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Morgan Stanley raised their target price on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Argus raised Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. BMO Capital Markets reduced their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. Finally, The Goldman Sachs Group reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research 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 assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at $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 can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

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.