Bullseye Investment Management LLC Decreases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Bullseye Investment Management LLC reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,180 shares of the oil and gas company’s stock after selling 788 shares during the quarter. Exxon Mobil makes up 1.0% of Bullseye Investment Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Bullseye Investment Management LLC’s holdings in Exxon Mobil were worth $1,522,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Inkwell Capital LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth approximately $3,204,000. Walled Lake Planning & Wealth Management LLC raised its holdings in shares of Exxon Mobil by 85.2% in the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 6,485 shares of the oil and gas company’s stock valued at $698,000 after buying an additional 2,984 shares during the last quarter. United Bank boosted its stake in shares of Exxon Mobil by 11.0% during the fourth quarter. United Bank now owns 19,888 shares of the oil and gas company’s stock worth $2,139,000 after buying an additional 1,968 shares during the period. Life Planning Partners Inc purchased a new position in shares of Exxon Mobil during the fourth quarter worth about $13,457,000. Finally, American Money Management LLC increased its position in Exxon Mobil by 51.9% in the 4th quarter. American Money Management LLC now owns 4,369 shares of the oil and gas company’s stock valued at $470,000 after acquiring an additional 1,493 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Mizuho cut their price objective on shares of 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 lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. HSBC reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, BMO Capital Markets reduced their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.05.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s 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 transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $117.66 on Friday. The business has a 50 day moving average price of $110.73 and a two-hundred day moving average price of $113.71. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The firm has a market cap of $510.53 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. 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 posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 last year, the firm earned $2.48 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.37%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

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.