ARK & TLK Investments LLC Sells 102 Shares of Exxon Mobil Co. (NYSE:XOM)

ARK & TLK Investments LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,405 shares of the oil and gas company’s stock after selling 102 shares during the quarter. Exxon Mobil makes up approximately 0.6% of ARK & TLK Investments LLC’s holdings, making the stock its 22nd largest position. ARK & TLK Investments LLC’s holdings in Exxon Mobil were worth $1,907,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BKM Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $277,000. Ullmann Wealth Partners Group LLC increased its holdings in shares of Exxon Mobil by 4.5% during the fourth quarter. Ullmann Wealth Partners Group LLC now owns 6,467 shares of the oil and gas company’s stock valued at $647,000 after acquiring an additional 279 shares in the last quarter. West Coast Financial LLC increased its holdings in shares of Exxon Mobil by 93.3% during the fourth quarter. West Coast Financial LLC now owns 4,750 shares of the oil and gas company’s stock valued at $475,000 after acquiring an additional 2,293 shares in the last quarter. Grey Street Capital LLC raised its position in shares of Exxon Mobil by 12.5% in the 4th quarter. Grey Street Capital LLC now owns 37,457 shares of the oil and gas company’s stock worth $3,745,000 after purchasing an additional 4,173 shares during the last quarter. Finally, Vest Financial LLC boosted its stake in Exxon Mobil by 29.1% in the 4th quarter. Vest Financial LLC now owns 378,301 shares of the oil and gas company’s stock worth $37,823,000 after purchasing an additional 85,383 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM traded down $2.73 during mid-day trading on Friday, hitting $116.07. 16,157,707 shares of the company traded hands, compared to its average volume of 15,032,544. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The firm has a market cap of $457.67 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 4.47 and a beta of 0.91. The stock’s fifty day moving average price is $114.13 and its 200-day moving average price is $111.04. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter last year, the firm posted $2.83 EPS. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.27%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analysts Set New Price Targets

XOM has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a report on Tuesday, July 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Barclays cut their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. HSBC boosted their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Finally, Mizuho increased their price objective on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Eight equities 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.94.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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.