Atalanta Sosnoff Capital LLC Sells 12,735 Shares of Exxon Mobil Co. (NYSE:XOM)

Atalanta Sosnoff Capital LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 630,956 shares of the oil and gas company's stock after selling 12,735 shares during the period. Exxon Mobil makes up approximately 1.5% of Atalanta Sosnoff Capital LLC's holdings, making the stock its 23rd largest position. Atalanta Sosnoff Capital LLC's holdings in Exxon Mobil were worth $67,872,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. raised its stake in shares of Exxon Mobil by 8.4% in the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock valued at $786,453,000 after acquiring an additional 521,932 shares during the last quarter. Franklin Resources Inc. increased its stake in Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares in the last quarter. Confluence Investment Management LLC lifted its stake in Exxon Mobil by 5.9% in the 4th quarter. Confluence Investment Management LLC now owns 5,958 shares of the oil and gas company's stock valued at $641,000 after acquiring an additional 332 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Exxon Mobil by 0.5% during the 4th quarter. Versant Capital Management Inc now owns 81,457 shares of the oil and gas company's stock worth $8,762,000 after purchasing an additional 396 shares during the last quarter. Finally, General Partner Inc. raised its stake in Exxon Mobil by 3.2% in the fourth quarter. General Partner Inc. now owns 12,766 shares of the oil and gas company's stock valued at $1,373,000 after buying an additional 400 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Down 2.8 %

XOM traded down $2.98 during midday trading on Monday, reaching $103.23. 19,616,856 shares of the company's stock traded hands, compared to its average volume of 15,735,966. The stock has a market capitalization of $446.50 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a fifty day moving average of $109.36 and a two-hundred day moving average of $111.61. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company's revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the business posted $2.06 EPS. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 50.51%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Royal Bank of Canada lowered their price objective on Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating for the company in a research report on Monday. Morgan Stanley cut their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. The Goldman Sachs Group decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, Mizuho reduced their target price on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $125.85.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by company 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.