Exxon Mobil Co. (NYSE:XOM) Shares Sold by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 28.0% in the 4th quarter, Holdings Channel reports. The firm owned 12,352 shares of the oil and gas company’s stock after selling 4,811 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Exxon Mobil were worth $1,329,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Harbert Fund Advisors Inc. increased its stake in Exxon Mobil by 79.0% during the 4th quarter. Harbert Fund Advisors Inc. now owns 8,950 shares of the oil and gas company’s stock worth $963,000 after buying an additional 3,950 shares during the period. Family Office Research LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at approximately $220,000. Blue Edge Capital LLC increased its holdings in Exxon Mobil by 1.2% during the 4th quarter. Blue Edge Capital LLC now owns 41,926 shares of the oil and gas company’s stock worth $4,510,000 after purchasing an additional 508 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of Exxon Mobil by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 1,974,653 shares of the oil and gas company’s stock valued at $212,413,000 after purchasing an additional 12,390 shares in the last quarter. Finally, Redwood Park Advisors LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $213,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the company’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 completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This 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 at the SEC website. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on XOM shares. The Goldman Sachs Group reduced 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 note on Friday, January 31st. JPMorgan Chase & Co. reduced their price target 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. Bernstein Bank lifted their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Morgan Stanley dropped their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Finally, Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $126.95.

Exxon Mobil Trading Up 3.1 %

Shares of NYSE:XOM opened at $103.05 on Friday. The company has a 50 day moving average of $110.33 and a 200-day moving average of $113.19. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a market cap of $447.13 billion, a P/E ratio of 13.14, a P/E/G ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34.

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

Exxon Mobil Announces Dividend

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