Signaturefd LLC Cuts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Signaturefd LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,830 shares of the oil and gas company's stock after selling 13,052 shares during the period. Signaturefd LLC's holdings in Exxon Mobil were worth $7,682,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in XOM. Keener Financial Planning LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth about $80,000. Orion Capital Management LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $91,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $92,000. TFO Wealth Partners LLC grew its holdings in shares of Exxon Mobil by 118.5% in the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company's stock valued at $104,000 after purchasing an additional 525 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. increased its position in Exxon Mobil by 851.6% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company's stock worth $106,000 after purchasing an additional 792 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 0.6 %

Shares of Exxon Mobil stock traded up $0.70 on Monday, reaching $120.58. The stock had a trading volume of 16,337,163 shares, compared to its average volume of 18,260,236. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a 50 day moving average price of $111.89 and a 200 day moving average price of $106.31. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $477.29 billion, a P/E ratio of 13.56, a P/E/G ratio of 4.12 and a beta of 0.96.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the prior year, the business posted $3.40 EPS. The business's revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, equities research analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil's payout ratio is currently 42.74%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on XOM. TD Cowen increased their price objective on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, April 1st. Mizuho reiterated a "neutral" rating and set a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an "overweight" rating in a research note on Thursday, April 4th. Redburn Atlantic raised Exxon Mobil from a "neutral" rating to a "buy" rating and upped their target price for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Finally, Scotiabank upped their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a "sector perform" rating in a report on Thursday, April 11th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $132.28.

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.