Sagefield Capital LP Sells 37,542 Shares of Exxon Mobil Co. (NYSE:XOM)

Sagefield Capital LP decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 35.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 69,818 shares of the oil and gas company's stock after selling 37,542 shares during the period. Sagefield Capital LP's holdings in Exxon Mobil were worth $7,510,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. RMR Wealth Builders raised its stake in Exxon Mobil by 3.1% during the fourth quarter. RMR Wealth Builders now owns 32,042 shares of the oil and gas company's stock valued at $3,447,000 after buying an additional 960 shares during the last quarter. R.H. Investment Group LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $3,830,000. Burney Co. raised its holdings in shares of Exxon Mobil by 0.4% in the fourth quarter. Burney Co. now owns 99,997 shares of the oil and gas company's stock worth $10,757,000 after buying an additional 350 shares during the period. Cliftonlarsonallen Wealth Advisors LLC grew its stake in Exxon Mobil by 21.8% in the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 31,007 shares of the oil and gas company's stock worth $3,335,000 after purchasing an additional 5,542 shares in the last quarter. Finally, ARS Wealth Advisors Group LLC grew its stake in Exxon Mobil by 0.9% in the fourth quarter. ARS Wealth Advisors Group LLC now owns 204,176 shares of the oil and gas company's stock worth $21,963,000 after purchasing an additional 1,858 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on XOM shares. Barclays reduced their target price on Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. BMO Capital Markets decreased their price target on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company cut their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. UBS Group dropped their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Morgan Stanley reduced their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $108.13 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a 50-day simple moving average of $108.98 and a 200 day simple moving average of $110.85. The company has a market cap of $466.01 billion, a PE ratio of 13.79, a P/E/G ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.06 EPS. On average, sell-side 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. Investors 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 yield of 3.66%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.

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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