Exxon Mobil Co. (NYSE:XOM) Shares Sold by ORG Wealth Partners LLC

ORG Wealth Partners LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 8.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,194 shares of the oil and gas company’s stock after selling 2,903 shares during the period. Exxon Mobil makes up 1.3% of ORG Wealth Partners LLC’s investment portfolio, making the stock its 8th largest holding. ORG Wealth Partners LLC’s holdings in Exxon Mobil were worth $3,571,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Fairway Wealth LLC bought a new position in Exxon Mobil during the 2nd quarter valued at $35,000. Fairscale Capital LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $39,000. Hershey Financial Advisers LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $46,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the third quarter valued at approximately $51,000. Finally, Highline Wealth Partners LLC bought a new stake in Exxon Mobil during the third quarter worth $54,000. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of several research analyst reports. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Wolfe Research lifted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. JPMorgan Chase & Co. decreased their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. Finally, The Goldman Sachs Group boosted their target price on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.74.

Exxon Mobil Price Performance

NYSE XOM traded down $0.58 during trading hours on Friday, reaching $106.35. 6,960,391 shares of the stock traded hands, compared to its average volume of 13,221,010. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a 50 day simple moving average of $113.66 and a two-hundred day simple moving average of $115.69. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a market cap of $467.42 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period last year, the firm posted $2.27 EPS. Exxon Mobil’s revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.72%. Exxon Mobil’s payout ratio is currently 49.32%.

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.