Eagle Strategies LLC Cuts Stake in Exxon Mobil Co. (NYSE:XOM)

Eagle Strategies LLC decreased its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 54.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,284 shares of the oil and gas company's stock after selling 14,659 shares during the period. Eagle Strategies LLC's holdings in Exxon Mobil were worth $1,321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sulzberger Capital Advisors Inc. acquired a new stake in Exxon Mobil during the 4th quarter valued at $753,000. Westbourne Investments Inc. purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at $457,000. Freestone Grove Partners LP acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at $103,668,000. RBO & Co. LLC increased its position in Exxon Mobil by 1.6% during the 4th quarter. RBO & Co. LLC now owns 127,735 shares of the oil and gas company's stock worth $13,740,000 after purchasing an additional 2,043 shares in the last quarter. Finally, Wise Wealth Partners acquired a new position in Exxon Mobil in the 4th quarter valued at about $226,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $105.61 on Thursday. The stock's fifty day simple moving average is $109.54 and its 200-day simple moving average is $111.95. The company has a market capitalization of $456.79 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 3.02 and a beta of 0.61. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the company posted $2.48 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's payout ratio is presently 50.51%.

Analyst Ratings Changes

Several analysts have commented on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. Wells Fargo & Company dropped their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. The Goldman Sachs Group decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Barclays dropped their price objective on shares of Exxon Mobil from $135.00 to $130.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Finally, HSBC decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $126.50.

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.

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