Congress Wealth Management LLC DE lessened its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 32.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,641 shares of the oil and gas company's stock after selling 107,969 shares during the quarter. Congress Wealth Management LLC DE's holdings in Exxon Mobil were worth $24,595,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC bought a new position in Exxon Mobil during the fourth quarter worth $31,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil in the 4th quarter worth $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth about $46,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil during the fourth quarter valued at about $47,000. Finally, Synergy Investment Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.
Insider Transactions at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The shares were 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 approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is owned by corporate insiders.
Exxon Mobil Trading Up 0.7 %
XOM stock traded up $0.81 during trading on Tuesday, hitting $116.61. The company had a trading volume of 11,980,569 shares, compared to its average volume of 16,231,948. The stock has a market cap of $505.99 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 3.02 and a beta of 0.83. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $110.22 and a 200-day moving average price of $113.58. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the business posted $2.48 EPS. As a group, analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on XOM shares. Scotiabank lowered their price target on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. The Goldman Sachs Group cut their target price on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Morgan Stanley lifted their price target on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. BMO Capital Markets lowered their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $129.15.
Get Our Latest Stock Report on Exxon Mobil
Exxon Mobil Company Profile
(
Free Report)
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.
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