Western Wealth Management LLC Sells 56,230 Shares of Exxon Mobil Co. (NYSE:XOM)

Western Wealth Management LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 74.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,584 shares of the oil and gas company's stock after selling 56,230 shares during the period. Western Wealth Management LLC's holdings in Exxon Mobil were worth $2,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at about $6,936,737,000. Bank of New York Mellon Corp lifted its position in shares of Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after buying an additional 5,538,694 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Exxon Mobil by 1,524.1% during the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company's stock valued at $585,818,000 after buying an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after buying an additional 4,140,046 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after buying an additional 2,998,892 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. HSBC decreased their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. 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 report on Friday, January 31st. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Bernstein Bank increased their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Stock Performance

XOM opened at $102.97 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $443.76 billion, a PE ratio of 13.13, a P/E/G ratio of 3.02 and a beta of 0.51. The firm has a 50 day moving average of $108.47 and a two-hundred day moving average of $110.51. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34.

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

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Exxon Mobil Company Profile

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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