Signaturefd LLC Trims Holdings in Exxon Mobil Corporation $XOM

Signaturefd LLC cut its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 98,571 shares of the oil and gas company’s stock after selling 4,702 shares during the quarter. Signaturefd LLC’s holdings in Exxon Mobil were worth $11,862,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in XOM. Westfuller Advisors LLC purchased a new position in shares of Exxon Mobil in the third quarter valued at $30,000. Clayton Financial Group LLC purchased a new position in Exxon Mobil during the third quarter valued at approximately $40,000. TruNorth Capital Management LLC boosted its holdings in Exxon Mobil by 1,595.2% in the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 335 shares during the period. Halbert Hargrove Global Advisors LLC boosted its holdings in Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 181 shares during the period. Finally, Marquette Asset Management LLC boosted its holdings in Exxon Mobil by 307.0% in the 3rd quarter. Marquette Asset Management LLC now owns 407 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 307 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $163.39 on Wednesday. The company’s fifty day moving average price is $153.63 and its 200-day moving average price is $130.76. The firm has a market capitalization of $680.82 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.11 and a beta of 0.29. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $176.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The firm had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.67 EPS. On average, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were given a dividend of $1.03 per share. The ex-dividend date was Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. Exxon Mobil’s dividend payout ratio is 61.58%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, the vice president directly owned 23,584 shares in the company, valued at approximately $3,295,864. This represents a 17.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 11,460 shares of company stock worth $1,687,854. 0.03% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. Barclays raised their price target on shares of Exxon Mobil from $145.00 to $163.00 and gave the company an “overweight” rating in a report on Monday, March 16th. TD Cowen upped their target price on Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Citigroup upped their target price on Exxon Mobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Finally, HSBC upped their target price on Exxon Mobil from $135.00 to $158.00 and gave the stock a “hold” rating in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Hold” and an average price target of $152.39.

Check Out Our Latest Stock Report on XOM

Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

See Also

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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