BIP Wealth LLC Has $2.09 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

BIP Wealth LLC cut its position in Exxon Mobil Co. (NYSE:XOM) by 17.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,456 shares of the oil and gas company’s stock after selling 4,165 shares during the quarter. BIP Wealth LLC’s holdings in Exxon Mobil were worth $2,093,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth $31,000. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil during the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new stake 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 in the 4th quarter worth about $47,000. Finally, Synergy Investment Management LLC bought a new position in Exxon Mobil in the 4th quarter valued at about $47,000. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on XOM shares. Bernstein Bank increased their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. BMO Capital Markets dropped their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Morgan Stanley dropped their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.50.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 18,087 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 0.4 %

NYSE:XOM opened at $106.20 on Friday. The company has a market cap of $459.35 billion, a P/E ratio of 13.55, a P/E/G ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock’s fifty day moving average price is $109.36 and its two-hundred day moving average price is $111.67.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter last year, the company earned $2.06 EPS. The firm’s revenue was up .1% compared to the same quarter last year. As a group, analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.73%. Exxon Mobil’s payout ratio is 50.51%.

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.