Sugarloaf Wealth Management LLC Sells 3,446 Shares of Exxon Mobil Co. (NYSE:XOM)

Sugarloaf Wealth Management LLC lowered its holdings in Exxon Mobil Co. (NYSE:XOMFree Report) by 54.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,851 shares of the oil and gas company’s stock after selling 3,446 shares during the period. Sugarloaf Wealth Management LLC’s holdings in Exxon Mobil were worth $285,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. KB Financial Partners LLC purchased a new position in shares of Exxon Mobil in the first quarter valued at $27,000. IMA Wealth Inc. grew its holdings in Exxon Mobil by 720.0% during the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 324 shares in the last quarter. FWL Investment Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at about $43,000. Turim 21 Investimentos Ltda. increased its position in shares of Exxon Mobil by 222.5% during the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. purchased a new stake in shares of Exxon Mobil in the third quarter worth about $49,000. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group decreased their target price on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. TD Cowen raised Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Tuesday, January 23rd. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.71.

Get Our Latest Stock Report on Exxon Mobil

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Up 0.9 %

Shares of NYSE XOM opened at $112.26 on Tuesday. The firm has a fifty day simple moving average of $103.23 and a two-hundred day simple moving average of $105.91. The firm has a market capitalization of $445.43 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 4.12 and a beta of 0.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $120.70.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. The business had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. Exxon Mobil’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period last year, the business posted $3.40 earnings per share. Equities analysts expect that Exxon Mobil Co. will post 9 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.38%. Exxon Mobil’s dividend payout ratio (DPR) is currently 42.74%.

Exxon Mobil Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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