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

Wealth Management Partners LLC cut its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 7.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,563 shares of the oil and gas company's stock after selling 2,463 shares during the quarter. Exxon Mobil makes up approximately 1.3% of Wealth Management Partners LLC's portfolio, making the stock its 17th largest holding. Wealth Management Partners LLC's holdings in Exxon Mobil were worth $3,073,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in XOM. Community Bank of Raymore boosted its stake in Exxon Mobil by 8.1% during the fourth quarter. Community Bank of Raymore now owns 23,444 shares of the oil and gas company's stock worth $2,522,000 after buying an additional 1,760 shares during the last quarter. M.E. Allison & CO. Inc. purchased a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $368,000. Lincoln Capital LLC increased its position in shares of Exxon Mobil by 1.1% during the fourth quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company's stock worth $917,000 after acquiring an additional 94 shares during the period. Diversify Wealth Management LLC grew its stake in Exxon Mobil by 54.9% during the 4th quarter. Diversify Wealth Management LLC now owns 31,378 shares of the oil and gas company's stock worth $3,343,000 after purchasing an additional 11,125 shares in the last quarter. Finally, Smart Money Group LLC increased its holdings in Exxon Mobil by 3.1% during the 4th quarter. Smart Money Group LLC now owns 9,087 shares of the oil and gas company's stock worth $978,000 after purchasing an additional 276 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on XOM shares. BNP Paribas downgraded Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. Royal Bank of Canada reissued a "sector perform" rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. The Goldman Sachs Group lifted their target price on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Redburn Atlantic reissued a "neutral" rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Finally, Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $128.84.

Exxon Mobil Stock Down 1.1 %

Exxon Mobil stock traded down $1.25 during trading on Wednesday, reaching $110.22. 6,946,014 shares of the company's stock were exchanged, compared to its average volume of 14,727,072. The company's 50-day moving average is $112.22 and its two-hundred day moving average is $115.48. 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 Co. has a 52-week low of $96.73 and a 52-week high of $126.34. The firm has a market cap of $484.44 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 2.98 and a beta of 0.91.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil's revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $2.27 EPS. On average, analysts predict that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.59%. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil's payout ratio is presently 49.32%.

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.