Exxon Mobil Co. (NYSE:XOM) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,181 shares of the oil and gas company’s stock after selling 216 shares during the quarter. Sargent Investment Group LLC’s holdings in Exxon Mobil were worth $2,424,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Old North State Wealth Management LLC lifted its stake in shares of Exxon Mobil by 4.1% in the 4th quarter. Old North State Wealth Management LLC now owns 18,436 shares of the oil and gas company’s stock worth $1,984,000 after acquiring an additional 718 shares during the period. Cassia Capital Partners LLC increased its position in Exxon Mobil by 291.1% during the 4th quarter. Cassia Capital Partners LLC now owns 7,200 shares of the oil and gas company’s stock worth $775,000 after purchasing an additional 5,359 shares during the period. Avitas Wealth Management LLC grew its holdings in Exxon Mobil by 0.4% during the fourth quarter. Avitas Wealth Management LLC now owns 55,615 shares of the oil and gas company’s stock worth $5,983,000 after acquiring an additional 203 shares during the period. Ninety One UK Ltd boosted its position in shares of Exxon Mobil by 10.4% during the 4th quarter. Ninety One UK Ltd now owns 2,991,131 shares of the oil and gas company’s stock worth $321,756,000 after purchasing an additional 281,925 shares in the last quarter. Finally, RFG Holdings Inc. grew its stake in shares of Exxon Mobil by 0.8% during the 4th quarter. RFG Holdings Inc. now owns 13,180 shares of the oil and gas company’s stock worth $1,418,000 after purchasing an additional 102 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

XOM opened at $108.87 on Friday. 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’s 50-day simple moving average is $109.59 and its 200 day simple moving average is $115.00. The firm has a market capitalization of $478.49 billion, a PE ratio of 13.89, a PEG ratio of 2.79 and a beta of 0.89. Exxon Mobil Co. has a 52-week low of $100.42 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 quarter in the prior year, the firm earned $2.48 earnings per share. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is presently 50.51%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on XOM. Bernstein Bank lifted their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Wells Fargo & Company cut their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. BMO Capital Markets cut their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. Scotiabank cut their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Finally, Mizuho decreased their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $129.25.

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.