SNS Financial Group LLC Trims Stake in Exxon Mobil Co. (NYSE:XOM)

SNS Financial Group LLC lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,232 shares of the oil and gas company’s stock after selling 561 shares during the quarter. SNS Financial Group LLC’s holdings in Exxon Mobil were worth $455,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Emerald Advisors LLC grew its stake in shares of Exxon Mobil by 3.5% in the fourth quarter. Emerald Advisors LLC now owns 3,793 shares of the oil and gas company’s stock valued at $408,000 after buying an additional 129 shares in the last quarter. Private Wealth Partners LLC grew its stake in shares of Exxon Mobil by 2.9% in the fourth quarter. Private Wealth Partners LLC now owns 17,425 shares of the oil and gas company’s stock valued at $1,874,000 after buying an additional 491 shares in the last quarter. Sterling Financial Planning Inc. grew its stake in shares of Exxon Mobil by 6.0% in the fourth quarter. Sterling Financial Planning Inc. now owns 8,713 shares of the oil and gas company’s stock valued at $937,000 after buying an additional 491 shares in the last quarter. TBH Global Asset Management LLC grew its stake in shares of Exxon Mobil by 0.6% in the fourth quarter. TBH Global Asset Management LLC now owns 49,863 shares of the oil and gas company’s stock valued at $5,364,000 after buying an additional 309 shares in the last quarter. Finally, Jessup Wealth Management Inc acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $427,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

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 value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Down 1.2 %

Shares of NYSE XOM opened at $110.67 on Friday. The company has a market capitalization of $480.20 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth 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. The business has a 50-day moving average of $108.60 and a two-hundred day moving average of $114.49. Exxon Mobil Co. has a 1 year low of $102.88 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly 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 return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the company earned $2.48 EPS. On average, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders 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 3.58%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on XOM shares. BMO Capital Markets dropped their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. Scotiabank dropped their price objective on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Morgan Stanley boosted their target price on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Mizuho lowered their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. lowered their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. One 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 stock. According to MarketBeat, the stock currently 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.