MRP Capital Investments LLC Sells 568 Shares of Exxon Mobil Co. (NYSE:XOM)

MRP Capital Investments LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,937 shares of the oil and gas company’s stock after selling 568 shares during the period. MRP Capital Investments LLC’s holdings in Exxon Mobil were worth $746,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $31,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the 4th quarter worth approximately $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil in the 4th quarter worth approximately $47,000. Finally, Synergy Investment Management LLC bought a new position in Exxon Mobil in the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.4 %

Shares of NYSE XOM opened at $115.84 on Friday. The company’s 50-day simple moving average is $109.92 and its 200-day simple moving average is $113.60. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The firm has a market cap of $502.63 billion, a price-to-earnings ratio of 14.78, 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 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 last year, the business earned $2.48 EPS. Equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.42%. Exxon Mobil’s payout ratio is 50.51%.

Insider Activity

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 shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. HSBC lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Barclays cut their price target on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday. Bernstein Bank raised their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, Scotiabank decreased their price target on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $129.15.

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.