CarsonAllaria Wealth Management Ltd. Sells 350 Shares of Exxon Mobil Co. (NYSE:XOM)

CarsonAllaria Wealth Management Ltd. trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 12.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,499 shares of the oil and gas company’s stock after selling 350 shares during the period. CarsonAllaria Wealth Management Ltd.’s holdings in Exxon Mobil were worth $269,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. FMR LLC boosted its stake in shares of Exxon Mobil by 0.3% during the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after purchasing an additional 395,218 shares in the last quarter. Geode Capital Management LLC raised its holdings in Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after buying an additional 1,622,064 shares during the last quarter. Franklin Resources Inc. boosted its position in Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after buying an additional 4,415,012 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Exxon Mobil by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock worth $3,652,589,000 after acquiring an additional 146,374 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in Exxon Mobil by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company’s stock valued at $3,422,538,000 after acquiring an additional 949,875 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on XOM shares. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Bernstein Bank upped their price target on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. BMO Capital Markets decreased their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. Wolfe Research lifted their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, Morgan Stanley increased their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $108.87 on Friday. The business has a 50-day simple moving average of $109.59 and a 200 day simple moving average of $115.00. Exxon Mobil Co. has a one year low of $100.42 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $478.49 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 2.79 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) 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 return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the business earned $2.48 EPS. On average, research analysts anticipate that Exxon Mobil Co. will post 7.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Exxon Mobil 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.