Exxon Mobil Co. (NYSE:XOM) Position Cut by Dakota Wealth Management

Dakota Wealth Management decreased its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 18.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 200,272 shares of the oil and gas company's stock after selling 45,490 shares during the period. Exxon Mobil accounts for about 0.8% of Dakota Wealth Management's investment portfolio, making the stock its 24th biggest position. Dakota Wealth Management's holdings in Exxon Mobil were worth $20,023,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in Exxon Mobil by 83.0% in the third quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company's stock worth $149,213,000 after purchasing an additional 575,649 shares in the last quarter. Root Financial Partners LLC lifted its position in Exxon Mobil by 10.7% during the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company's stock valued at $205,000 after acquiring an additional 199 shares during the last quarter. Qsemble Capital Management LP boosted its stake in Exxon Mobil by 34.3% in the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company's stock valued at $553,000 after acquiring an additional 1,200 shares in the last quarter. RNC Capital Management LLC grew its holdings in Exxon Mobil by 5.5% in the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company's stock worth $8,791,000 after purchasing an additional 4,585 shares during the last quarter. Finally, Meyer Handelman Co. grew its holdings in Exxon Mobil by 5.9% in the third quarter. Meyer Handelman Co. now owns 390,975 shares of the oil and gas company's stock worth $45,971,000 after purchasing an additional 21,895 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM traded down $0.06 during trading on Wednesday, reaching $118.63. The company's stock had a trading volume of 14,520,938 shares, compared to its average volume of 18,301,422. The company has a market cap of $469.57 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 4.15 and a beta of 0.96. The firm has a fifty day simple moving average of $110.57 and a two-hundred day simple moving average of $106.13. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts' consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the previous year, the company posted $3.40 earnings per share. The firm's revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, analysts anticipate that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.20%. Exxon Mobil's dividend payout ratio is currently 42.74%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Mizuho reaffirmed a "neutral" rating and set a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. Erste Group Bank reissued a "hold" rating on shares of Exxon Mobil in a research report on Friday, December 22nd. TD Cowen raised their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, April 1st. Redburn Atlantic raised Exxon Mobil from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Finally, UBS Group increased their price objective on Exxon Mobil from $133.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, April 11th. Nine 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $131.44.

Insider Activity

In related news, VP Darrin L. Talley sold 2,400 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares of the company's stock, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.04% of the company's stock.

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.