Exxon Mobil Co. (NYSE:XOM) is Legacy Capital Wealth Partners LLC’s 3rd Largest Position

Legacy Capital Wealth Partners LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 204,959 shares of the oil and gas company’s stock after selling 10,156 shares during the quarter. Exxon Mobil makes up 4.8% of Legacy Capital Wealth Partners LLC’s holdings, making the stock its 3rd largest holding. Legacy Capital Wealth Partners LLC’s holdings in Exxon Mobil were worth $22,047,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in Exxon Mobil by 7,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after purchasing an additional 6,805,982 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Exxon Mobil by 1,524.1% in the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock worth $585,818,000 after buying an additional 5,110,603 shares in the last quarter. Franklin Resources Inc. grew its stake in Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after acquiring an additional 4,415,012 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Exxon Mobil by 168.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock valued at $531,060,000 after acquiring an additional 2,842,844 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of Exxon Mobil by 11,131.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock valued at $192,853,000 after purchasing an additional 1,776,848 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.7 %

Shares of XOM opened at $110.05 on Wednesday. The firm has a market capitalization of $483.66 billion, a P/E ratio of 14.04, a P/E/G ratio of 2.94 and a beta of 0.89. Exxon Mobil Co. has a 12-month low of $102.64 and a 12-month high of $126.34. The firm has a fifty day moving average price of $108.68 and a 200-day moving average price of $114.61. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

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 (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 firm earned $2.48 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.60%. Exxon Mobil’s payout ratio is currently 50.51%.

Insider Buying and Selling at Exxon Mobil

In other 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 owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

XOM has been the topic of several research reports. The Goldman Sachs Group reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Mizuho reduced their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. UBS Group reduced their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, Scotiabank lowered their price objective on shares of Exxon Mobil from $145.00 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

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.