Sound Financial Strategies Group LLC Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

Sound Financial Strategies Group LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 36.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,203 shares of the oil and gas company’s stock after selling 2,978 shares during the quarter. Sound Financial Strategies Group LLC’s holdings in Exxon Mobil were worth $520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in Exxon Mobil by 10,221.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock valued at $491,678,000 after purchasing an additional 4,870,115 shares in the last quarter. FMR LLC increased its stake in Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Exxon Mobil during the 3rd quarter valued at about $295,515,000. Canada Pension Plan Investment Board increased its stake in Exxon Mobil by 21,620,510.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 2,162,061 shares of the oil and gas company’s stock valued at $254,215,000 after purchasing an additional 2,162,051 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in Exxon Mobil by 650.5% during the 4th quarter. Jennison Associates LLC now owns 1,864,895 shares of the oil and gas company’s stock valued at $186,452,000 after purchasing an additional 1,616,417 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on XOM. Mizuho restated a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research note on Thursday, April 4th. UBS Group lifted their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Finally, TD Cowen lifted their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $132.28.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’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 transaction, the vice president now 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 available at this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM stock traded down $4.40 during mid-day trading on Friday, hitting $116.93. The company had a trading volume of 8,415,331 shares, compared to its average volume of 17,963,033. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The stock’s 50 day moving average price is $113.04 and its 200-day moving average price is $106.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The company has a market capitalization of $462.84 billion, a P/E ratio of 13.65, a P/E/G ratio of 4.16 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter in the prior year, the firm posted $2.83 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company 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 3.25%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

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.