Sandbox Financial Partners LLC Sells 1,299 Shares of Exxon Mobil Co. (NYSE:XOM)

Sandbox Financial Partners LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,069 shares of the oil and gas company’s stock after selling 1,299 shares during the quarter. Exxon Mobil accounts for about 1.0% of Sandbox Financial Partners LLC’s holdings, making the stock its 25th largest position. Sandbox Financial Partners LLC’s holdings in Exxon Mobil were worth $2,912,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Fairscale Capital LLC acquired a new stake in Exxon Mobil during the second quarter worth $39,000. Hershey Financial Advisers LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth about $46,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at about $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil in the third quarter valued at about $51,000. Finally, Highline Wealth Partners LLC acquired a new position in Exxon Mobil in the third quarter worth about $54,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 0.9 %

XOM stock opened at $112.37 on Monday. The business has a fifty day moving average of $112.56 and a 200-day moving average of $115.51. The company has a market cap of $493.89 billion, a P/E ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the company posted $2.27 EPS. The company’s revenue was down .8% compared to the same quarter last year. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Mizuho lowered 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. TD Cowen dropped their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. BMO Capital Markets boosted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research report on Wednesday, October 9th. Finally, Barclays reduced their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

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.