49 Wealth Management LLC Lowers Stake in Exxon Mobil Co. (NYSE:XOM)

49 Wealth Management LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 22.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,023 shares of the oil and gas company’s stock after selling 3,141 shares during the quarter. 49 Wealth Management LLC’s holdings in Exxon Mobil were worth $1,186,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in XOM. 10Elms LLP purchased a new position in Exxon Mobil in the 4th quarter worth $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil in the 4th quarter worth $31,000. Keystone Financial Group Inc. bought a new stake in Exxon Mobil in the 4th quarter worth $36,000. Compass Planning Associates Inc bought a new stake in Exxon Mobil in the 4th quarter worth $47,000. Finally, Synergy Investment Management LLC bought a new stake in Exxon Mobil in the 4th quarter worth $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XOM. Morgan Stanley cut their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. UBS Group cut their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. HSBC reduced their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Barclays reduced their price target on shares of Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Finally, Scotiabank reduced their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have assigned 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 currently has an average rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Price Performance

Shares of XOM opened at $103.77 on Thursday. The stock has a market cap of $447.22 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm’s 50-day simple moving average is $108.69 and its two-hundred day simple moving average is $110.62.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.06 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.82%. Exxon Mobil’s dividend payout ratio is presently 52.52%.

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.