Exxon Mobil Co. (NYSE:XOM) Shares Sold by Waterfront Wealth Inc.

Waterfront Wealth Inc. lessened its position in Exxon Mobil Co. (NYSE:XOM) by 15.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,606 shares of the oil and gas company’s stock after selling 1,788 shares during the period. Waterfront Wealth Inc.’s holdings in Exxon Mobil were worth $1,033,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Mainstay Capital Management LLC ADV lifted its stake in shares of Exxon Mobil by 3.7% in the third quarter. Mainstay Capital Management LLC ADV now owns 27,388 shares of the oil and gas company’s stock valued at $3,210,000 after purchasing an additional 980 shares during the period. Nicholson Wealth Management Group LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at about $877,000. Cross Staff Investments Inc lifted its stake in shares of Exxon Mobil by 1.0% in the third quarter. Cross Staff Investments Inc now owns 10,366 shares of the oil and gas company’s stock valued at $1,215,000 after purchasing an additional 100 shares during the period. Merkkuri Wealth Advisors LLC lifted its stake in shares of Exxon Mobil by 2.5% in the third quarter. Merkkuri Wealth Advisors LLC now owns 4,891 shares of the oil and gas company’s stock valued at $573,000 after purchasing an additional 117 shares during the period. Finally, Element Wealth LLC lifted its stake in shares of Exxon Mobil by 141.9% in the third quarter. Element Wealth LLC now owns 7,977 shares of the oil and gas company’s stock valued at $935,000 after purchasing an additional 4,680 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. BMO Capital Markets cut their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. TD Cowen cut their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. cut their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Finally, Morgan Stanley lifted their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. One research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $110.67 on Monday. Exxon Mobil Co. has a 1 year low of $102.88 and a 1 year high of $126.34. The firm has a 50 day moving average price of $108.60 and a 200 day moving average price of $114.48. The company has a market cap of $480.20 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 3.02 and a beta of 0.89. 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 (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company earned $2.48 earnings per share. Sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.58%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction 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. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.