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

Legacy Capital Wealth Partners LLC cut its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 204,959 shares of the oil and gas company's stock after selling 10,156 shares during the quarter. Exxon Mobil comprises approximately 4.8% of Legacy Capital Wealth Partners LLC's investment portfolio, making the stock its 3rd biggest position. Legacy Capital Wealth Partners LLC's holdings in Exxon Mobil were worth $22,047,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FMR LLC increased its stake in shares of Exxon Mobil by 0.3% in the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock worth $17,801,457,000 after acquiring an additional 395,218 shares during the last quarter. Geode Capital Management LLC lifted its position in Exxon Mobil by 1.8% in the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock valued at $10,777,735,000 after buying an additional 1,622,064 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock valued at $3,936,929,000 after acquiring an additional 4,415,012 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Exxon Mobil by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company's stock valued at $3,652,589,000 after acquiring an additional 146,374 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Exxon Mobil by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company's stock worth $3,422,538,000 after acquiring an additional 949,875 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm's 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 transaction, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. UBS Group decreased their price target on Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a research note on Thursday, December 12th. Scotiabank decreased their price target on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Royal Bank of Canada restated a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. Finally, Mizuho decreased their price target on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. One investment 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $129.25.

Exxon Mobil Stock Down 1.2 %

NYSE:XOM traded down $1.33 during trading hours on Friday, hitting $110.67. The company's stock had a trading volume of 14,676,984 shares, compared to its average volume of 15,010,274. The stock has a market capitalization of $486.39 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. The stock has a fifty day moving average of $108.60 and a 200-day moving average of $114.52. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52-week low of $102.88 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 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 in the previous year, the business posted $2.48 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil's payout ratio is 50.51%.

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.