Kestra Investment Management LLC Sells 3,739 Shares of Exxon Mobil Co. (NYSE:XOM)

Kestra Investment Management LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,355 shares of the oil and gas company's stock after selling 3,739 shares during the quarter. Kestra Investment Management LLC's holdings in Exxon Mobil were worth $2,405,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Beta Wealth Group Inc. increased its stake in Exxon Mobil by 1.7% in the 4th quarter. Beta Wealth Group Inc. now owns 6,016 shares of the oil and gas company's stock valued at $647,000 after buying an additional 101 shares during the period. Beaton Management Co. Inc. raised its holdings in shares of Exxon Mobil by 3.9% during the fourth quarter. Beaton Management Co. Inc. now owns 46,509 shares of the oil and gas company's stock worth $5,077,000 after acquiring an additional 1,733 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in Exxon Mobil by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 265,084 shares of the oil and gas company's stock valued at $28,515,000 after purchasing an additional 13,708 shares during the last quarter. GAM Holding AG grew its stake in Exxon Mobil by 6.8% in the fourth quarter. GAM Holding AG now owns 160,909 shares of the oil and gas company's stock valued at $17,309,000 after purchasing an additional 10,239 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in Exxon Mobil by 7.1% in the 4th quarter. Venturi Wealth Management LLC now owns 56,284 shares of the oil and gas company's stock worth $6,054,000 after purchasing an additional 3,709 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on XOM shares. Wells Fargo & Company dropped their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Bernstein Bank increased their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. BMO Capital Markets reduced their price objective on shares of 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. UBS Group decreased their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a report on Thursday, December 12th. Finally, Scotiabank cut their target price on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.25.

Exxon Mobil Price Performance

Shares of XOM stock traded down $1.33 on Friday, hitting $110.67. 14,676,984 shares of the company's stock were exchanged, compared to its average volume of 15,010,274. The stock has a market cap 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 company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 12 month low of $102.88 and a 12 month high of $126.34. The company has a 50 day moving average of $108.60 and a 200 day moving average of $114.52.

Exxon Mobil (NYSE:XOM - Get Free Report) last released 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 quarter in the prior year, the company posted $2.48 EPS. On average, equities research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is currently 50.51%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated 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 transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by insiders.

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.