Iron Horse Wealth Management LLC Sells 126 Shares of Exxon Mobil Co. (NYSE:XOM)

Iron Horse Wealth Management LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,346 shares of the oil and gas company’s stock after selling 126 shares during the period. Iron Horse Wealth Management LLC’s holdings in Exxon Mobil were worth $252,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. InTrack Investment Management Inc grew its holdings in shares of Exxon Mobil by 3.0% in the third quarter. InTrack Investment Management Inc now owns 12,566 shares of the oil and gas company’s stock worth $1,473,000 after purchasing an additional 370 shares during the last quarter. Retirement Planning Group LLC grew its stake in Exxon Mobil by 73.1% in the 3rd quarter. Retirement Planning Group LLC now owns 14,473 shares of the oil and gas company’s stock worth $1,697,000 after acquiring an additional 6,110 shares in the last quarter. Carnegie Investment Counsel increased its position in shares of Exxon Mobil by 0.8% during the third quarter. Carnegie Investment Counsel now owns 50,331 shares of the oil and gas company’s stock worth $5,899,000 after acquiring an additional 385 shares during the period. CHICAGO TRUST Co NA raised its stake in shares of Exxon Mobil by 1.6% during the third quarter. CHICAGO TRUST Co NA now owns 57,654 shares of the oil and gas company’s stock valued at $6,758,000 after acquiring an additional 927 shares in the last quarter. Finally, Bright Financial Advisors Inc. boosted its holdings in shares of Exxon Mobil by 6.8% in the third quarter. Bright Financial Advisors Inc. now owns 5,074 shares of the oil and gas company’s stock valued at $595,000 after purchasing an additional 322 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Trading Up 0.4 %

Exxon Mobil stock opened at $108.87 on Monday. Exxon Mobil Co. has a one year low of $100.42 and a one year high of $126.34. The stock has a market cap of $478.49 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89. 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 stock has a 50-day moving average of $109.41 and a two-hundred day moving average of $114.97.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 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 quarter last year, the firm earned $2.48 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post 7.37 EPS 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. Investors 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 of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on XOM shares. The Goldman Sachs Group decreased their target price on 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 objective on shares of Exxon Mobil in a research note on Monday, February 3rd. Scotiabank dropped their target price on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Wells Fargo & Company reduced their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, BMO Capital Markets dropped their price objective on shares of 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $129.25.

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.