Legacy CG LLC Sells 145 Shares of Exxon Mobil Co. (NYSE:XOM)

Legacy CG LLC reduced its position in Exxon Mobil Co. (NYSE:XOM) by 5.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,447 shares of the oil and gas company’s stock after selling 145 shares during the quarter. Legacy CG LLC’s holdings in Exxon Mobil were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. FMR LLC boosted its stake in Exxon Mobil by 3.0% in the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock worth $17,072,534,000 after purchasing an additional 4,162,149 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in Exxon Mobil by 140,855.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after buying an additional 123,254,064 shares during the last quarter. Morgan Stanley raised its position in Exxon Mobil by 2.0% during the 3rd quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock worth $6,329,099,000 after buying an additional 1,066,937 shares during the last quarter. Norges Bank purchased a new position in Exxon Mobil during the 4th quarter worth approximately $5,226,390,000. Finally, Northern Trust Corp raised its position in Exxon Mobil by 1.3% during the 3rd quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock worth $5,137,865,000 after buying an additional 576,078 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 0.1 %

NYSE XOM opened at $118.63 on Thursday. The firm’s 50-day moving average is $110.89 and its two-hundred day moving average is $106.22. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The stock has a market capitalization of $469.57 billion, a P/E ratio of 13.34, a PEG ratio of 4.08 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the prior year, the company posted $3.40 earnings per share. Exxon Mobil’s revenue for the quarter was down 11.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.20%. Exxon Mobil’s payout ratio is currently 42.74%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on XOM shares. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Barclays started coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target for the company. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. UBS Group lifted their target price on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Mizuho reaffirmed a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a research note on Thursday, April 4th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.44.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Exxon Mobil Company 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.