Sigma Planning Corp Cuts Holdings in Exxon Mobil Co. (NYSE:XOM)

Sigma Planning Corp reduced its position in Exxon Mobil Co. (NYSE:XOM) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,544 shares of the oil and gas company’s stock after selling 4,641 shares during the period. Sigma Planning Corp’s holdings in Exxon Mobil were worth $9,310,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Redmond Asset Management LLC raised its stake in Exxon Mobil by 10.7% during the fourth quarter. Redmond Asset Management LLC now owns 7,478 shares of the oil and gas company’s stock valued at $804,000 after purchasing an additional 725 shares in the last quarter. Turning Point Benefit Group Inc. bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $315,000. Cypress Capital LLC increased its holdings in shares of Exxon Mobil by 381.1% in the 4th quarter. Cypress Capital LLC now owns 18,639 shares of the oil and gas company’s stock worth $2,005,000 after buying an additional 14,765 shares during the last quarter. Winebrenner Capital Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $943,000. Finally, Navellier & Associates Inc. lifted its holdings in shares of Exxon Mobil by 121.3% in the 4th quarter. Navellier & Associates Inc. now owns 156,541 shares of the oil and gas company’s stock valued at $16,839,000 after acquiring an additional 85,789 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Up 0.4 %

Shares of NYSE XOM opened at $111.18 on Tuesday. Exxon Mobil Co. has a twelve month low of $103.05 and a twelve month 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. The business has a fifty day simple moving average of $108.65 and a two-hundred day simple moving average of $114.44. The firm has a market cap of $482.42 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the business earned $2.48 earnings per share. Analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.56%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on XOM shares. Morgan Stanley boosted their price objective on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. BMO Capital Markets cut their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. Mizuho lowered their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. The Goldman Sachs Group cut their price objective 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. Finally, TD Cowen lowered 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. One 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, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $129.25.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Company 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.