Insigneo Advisory Services LLC Cuts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Insigneo Advisory Services LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 16.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 39,355 shares of the oil and gas company’s stock after selling 7,549 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Exxon Mobil were worth $4,233,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in XOM. Stonehaven Wealth & Tax Solutions LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $313,000. Main Street Financial Solutions LLC boosted its stake in Exxon Mobil by 2.7% in the fourth quarter. Main Street Financial Solutions LLC now owns 69,310 shares of the oil and gas company’s stock worth $7,456,000 after buying an additional 1,800 shares in the last quarter. Stenger Family Office LLC bought a new position in Exxon Mobil during the fourth quarter valued at approximately $6,626,000. Lifelong Wealth Advisors Inc. purchased a new position in shares of Exxon Mobil during the fourth quarter worth approximately $212,000. Finally, Master S Wealth Management Inc. bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $226,000. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Truist Financial increased their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. The Goldman Sachs Group decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Bernstein Bank raised their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Barclays lowered their price objective on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $126.75.

Exxon Mobil Stock Performance

Shares of XOM opened at $103.08 on Wednesday. The company has a 50-day simple moving average of $110.10 and a two-hundred day simple moving average of $113.03. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $445.85 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 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 period in the previous year, the firm posted $2.48 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

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.