Wrapmanager Inc. Sells 1,916 Shares of Exxon Mobil Co. (NYSE:XOM)

Wrapmanager Inc. lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 12.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,496 shares of the oil and gas company’s stock after selling 1,916 shares during the period. Wrapmanager Inc.’s holdings in Exxon Mobil were worth $1,452,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Keystone Financial Group Inc. purchased a new position in Exxon Mobil during the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $46,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $47,000. Compass Financial Services Inc purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $48,000. Finally, Peterson Financial Group Inc. bought a new stake in Exxon Mobil in the third quarter worth $51,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.3 %

Shares of XOM opened at $109.43 on Thursday. The firm has a market capitalization of $474.84 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 3.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1-year low of $103.85 and a 1-year high of $126.34. The company has a 50-day moving average of $108.75 and a 200 day moving average of $114.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly 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 quarter in the prior year, the company posted $2.48 EPS. On average, research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

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 issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is 50.51%.

Wall Street Analyst Weigh In

XOM has been the subject of several research reports. The Goldman Sachs Group lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. BMO Capital Markets reduced 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. UBS Group lowered their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, TD Cowen dropped their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $129.25.

Insider Transactions at Exxon Mobil

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. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

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.