Sollinda Capital Management LLC Sells 245 Shares of Exxon Mobil Co. (NYSE:XOM)

Sollinda Capital Management LLC lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,622 shares of the oil and gas company’s stock after selling 245 shares during the period. Sollinda Capital Management LLC’s holdings in Exxon Mobil were worth $390,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Vertex Planning Partners LLC boosted its position in Exxon Mobil by 3.1% in the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock valued at $326,000 after buying an additional 83 shares in the last quarter. First Heartland Consultants Inc. lifted its position in shares of Exxon Mobil by 0.9% during the third quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after purchasing an additional 87 shares in the last quarter. Longfellow Investment Management Co. LLC raised its stake in shares of Exxon Mobil by 0.6% during the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after buying an additional 88 shares during the last quarter. West Oak Capital LLC raised its stake in shares of Exxon Mobil by 0.6% during the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock worth $1,743,000 after buying an additional 92 shares during the last quarter. Finally, Beacon Capital Management LLC raised its stake in shares of Exxon Mobil by 1.1% during the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock worth $923,000 after buying an additional 93 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of several recent analyst reports. Mizuho lowered their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. TD Cowen reduced their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. BMO Capital Markets cut their price target on shares of 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. JPMorgan Chase & Co. cut their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, Bernstein Bank increased their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Price Performance

XOM opened at $111.85 on Tuesday. The stock has a fifty day simple moving average of $109.17 and a two-hundred day simple moving average of $113.85. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market cap of $485.33 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly 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 net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the company earned $2.48 EPS. Research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.54%. Exxon Mobil’s payout ratio is 50.51%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

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.