Exxon Mobil Co. (NYSE:XOM) Shares Sold by MMA Asset Management LLC

MMA Asset Management LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 31.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,664 shares of the oil and gas company’s stock after selling 1,248 shares during the quarter. MMA Asset Management LLC’s holdings in Exxon Mobil were worth $287,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. IFG Advisors LLC boosted its holdings in shares of Exxon Mobil by 1.7% in the 4th quarter. IFG Advisors LLC now owns 20,359 shares of the oil and gas company’s stock valued at $2,190,000 after purchasing an additional 350 shares during the last quarter. Kinsale Capital Group Inc. lifted its holdings in shares of Exxon Mobil by 14.0% during the 4th quarter. Kinsale Capital Group Inc. now owns 74,274 shares of the oil and gas company’s stock valued at $7,990,000 after acquiring an additional 9,144 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Exxon Mobil by 11.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 32,097 shares of the oil and gas company’s stock valued at $3,395,000 after acquiring an additional 3,230 shares in the last quarter. Maia Wealth LLC lifted its holdings in shares of Exxon Mobil by 14.8% during the 4th quarter. Maia Wealth LLC now owns 9,500 shares of the oil and gas company’s stock valued at $1,047,000 after acquiring an additional 1,224 shares in the last quarter. Finally, Cape Investment Advisory Inc. lifted its holdings in shares of Exxon Mobil by 9.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 4,151 shares of the oil and gas company’s stock valued at $446,000 after acquiring an additional 355 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $107.69 on Tuesday. The company has a 50-day moving average of $108.98 and a 200-day moving average of $114.12. The company has a market capitalization of $467.28 billion, a P/E ratio of 13.74, a PEG ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 1-year low of $104.03 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 quarter in the prior year, the company posted $2.48 earnings per share. Equities analysts expect that Exxon Mobil Co. will post 7.43 EPS 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. Investors of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on XOM shares. JPMorgan Chase & Co. reduced their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Morgan Stanley lifted their target price on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. HSBC reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Finally, Bernstein Bank lifted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued 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, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

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.