Presilium Private Wealth LLC Cuts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Presilium Private Wealth LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 21.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,399 shares of the oil and gas company's stock after selling 5,259 shares during the period. Exxon Mobil comprises approximately 0.5% of Presilium Private Wealth LLC's investment portfolio, making the stock its 25th biggest holding. Presilium Private Wealth LLC's holdings in Exxon Mobil were worth $2,087,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. FMR LLC lifted its position in Exxon Mobil by 0.3% during the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock worth $17,801,457,000 after buying an additional 395,218 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Exxon Mobil by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock worth $10,777,735,000 after purchasing an additional 1,622,064 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company's stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Exxon Mobil by 19.3% in the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock valued at $3,719,296,000 after acquiring an additional 5,235,607 shares during the period. Finally, Franklin Resources Inc. raised its position in Exxon Mobil by 16.3% in 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 purchasing an additional 4,415,012 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

XOM stock traded down $0.87 during trading on Thursday, hitting $110.64. The stock had a trading volume of 2,586,164 shares, compared to its average volume of 13,721,100. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The stock has a market cap of $486.27 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. The company's 50 day moving average price is $113.12 and its two-hundred day moving average price is $115.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the business earned $2.27 earnings per share. Exxon Mobil's revenue was down .8% compared to the same quarter last year. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.58%. The ex-dividend date was Thursday, November 14th. Exxon Mobil's dividend payout ratio is presently 49.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on XOM shares. The Goldman Sachs Group increased their price target on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Redburn Atlantic restated a "neutral" rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Mizuho cut their price target on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Scotiabank upgraded shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, BMO Capital Markets boosted their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $128.84.

About Exxon Mobil

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.