US Bancorp DE Sells 31,857 Shares of Exxon Mobil Co. (NYSE:XOM)

US Bancorp DE cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,615,789 shares of the oil and gas company’s stock after selling 31,857 shares during the period. US Bancorp DE’s holdings in Exxon Mobil were worth $388,951,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Rockline Wealth Management LLC increased its holdings in shares of Exxon Mobil by 6.1% in the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after buying an additional 1,498 shares during the last quarter. Global Wealth Management Investment Advisory Inc. grew its holdings in Exxon Mobil by 10.7% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after purchasing an additional 4,578 shares during the last quarter. Helen Stephens Group LLC grew its holdings in Exxon Mobil by 7.3% during the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after purchasing an additional 2,825 shares during the last quarter. Brooklyn Investment Group grew its holdings in Exxon Mobil by 36.8% during the 3rd quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock valued at $2,945,000 after purchasing an additional 6,753 shares during the last quarter. Finally, Parthenon LLC grew its holdings in Exxon Mobil by 2.4% during the 3rd quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock valued at $22,458,000 after purchasing an additional 4,445 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the 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 completion of the sale, the vice president now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Price Performance

Shares of XOM opened at $111.33 on Monday. The company has a 50 day moving average price of $108.95 and a 200-day moving average price of $114.20. Exxon Mobil Co. has a fifty-two week low of $104.03 and a fifty-two week high of $126.34. The stock has a market capitalization of $483.08 billion, a PE ratio of 14.20, a PEG ratio of 3.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 in the previous year, the firm posted $2.48 earnings per share. Equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.56%. Exxon Mobil’s payout ratio is 50.51%.

Wall Street Analyst Weigh In

Several brokerages recently commented on XOM. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. UBS Group cut their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Morgan Stanley upped their price target on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Mizuho cut their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, The Goldman Sachs Group lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $129.25.

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.