Argonautica Private Wealth Management Inc. Sells 361 Shares of Exxon Mobil Co. (NYSE:XOM)

Argonautica Private Wealth Management Inc. cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,928 shares of the oil and gas company’s stock after selling 361 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Exxon Mobil were worth $2,192,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Atlas Brown Inc. boosted its holdings in shares of Exxon Mobil by 0.3% in the third quarter. Atlas Brown Inc. now owns 43,363 shares of the oil and gas company’s stock worth $5,099,000 after buying an additional 144 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Exxon Mobil by 95.9% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 23,035 shares of the oil and gas company’s stock valued at $2,708,000 after acquiring an additional 11,276 shares during the period. Avior Wealth Management LLC increased its stake in shares of Exxon Mobil by 2.7% in the 3rd quarter. Avior Wealth Management LLC now owns 47,576 shares of the oil and gas company’s stock worth $5,594,000 after purchasing an additional 1,238 shares in the last quarter. Founders Financial Securities LLC lifted its position in Exxon Mobil by 3.7% during the third quarter. Founders Financial Securities LLC now owns 22,931 shares of the oil and gas company’s stock valued at $2,696,000 after purchasing an additional 817 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its position in Exxon Mobil by 5.2% in the third quarter. SJS Investment Consulting Inc. now owns 6,674 shares of the oil and gas company’s stock worth $785,000 after buying an additional 328 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Scotiabank upped their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Truist Financial lifted their price objective on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Wells Fargo & Company lifted their price objective on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Mizuho reiterated a “neutral” rating and issued a $125.00 price objective on shares of Exxon Mobil in a report on Thursday, April 4th. Finally, Barclays started coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.28.

Exxon Mobil Stock Performance

NYSE XOM traded down $3.37 during trading hours on Friday, hitting $117.96. 27,289,468 shares of the stock were exchanged, compared to its average volume of 16,002,832. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The company has a market cap of $466.92 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 4.17 and a beta of 0.96. The stock has a 50-day moving average of $113.33 and a 200 day moving average of $106.67.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same period last year, the business posted $2.83 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, equities research analysts forecast 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 will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

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.