Exxon Mobil Co. (NYSE:XOM) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC reduced its position in Exxon Mobil Co. (NYSE:XOM) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,501 shares of the oil and gas company’s stock after selling 5,158 shares during the period. Axxcess Wealth Management LLC’s holdings in Exxon Mobil were worth $17,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Rockline Wealth Management LLC lifted its stake in shares of Exxon Mobil by 6.1% in the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock valued at $2,788,000 after purchasing an additional 1,498 shares during the period. Renasant Bank grew its holdings in shares of Exxon Mobil by 5.0% during the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock worth $1,115,000 after buying an additional 493 shares in the last quarter. Helen Stephens Group LLC grew its holdings in shares of Exxon Mobil by 7.3% during the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock worth $4,479,000 after buying an additional 2,825 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Exxon Mobil by 36.8% during the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock worth $2,945,000 after buying an additional 6,753 shares in the last quarter. Finally, Hilltop Holdings Inc. grew its holdings in shares of Exxon Mobil by 41.3% during the third quarter. Hilltop Holdings Inc. now owns 76,288 shares of the oil and gas company’s stock worth $8,942,000 after buying an additional 22,296 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the 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 in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Up 1.7 %

Shares of NYSE:XOM opened at $113.79 on Tuesday. The firm’s 50 day moving average price is $109.47 and its 200 day moving average price is $113.60. The stock has a market cap of $493.74 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 quarter in the previous year, the business earned $2.48 earnings per share. As a group, equities research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.48%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. UBS Group dropped their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. The Goldman Sachs Group decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Finally, Mizuho decreased their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $129.25.

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.