Exxon Mobil Co. (NYSE:XOM) Shares Sold by Segment Wealth Management LLC

Segment Wealth Management LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 180,262 shares of the oil and gas company’s stock after selling 132 shares during the period. Exxon Mobil accounts for about 1.3% of Segment Wealth Management LLC’s holdings, making the stock its 15th biggest holding. Segment Wealth Management LLC’s holdings in Exxon Mobil were worth $19,391,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Charles Schwab Trust Co raised its position in shares of Exxon Mobil by 13.1% in the fourth quarter. Charles Schwab Trust Co now owns 25,981 shares of the oil and gas company’s stock valued at $2,795,000 after buying an additional 3,010 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Exxon Mobil by 2.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 333,065 shares of the oil and gas company’s stock valued at $35,828,000 after buying an additional 8,206 shares during the last quarter. Chesapeake Wealth Management raised its position in shares of Exxon Mobil by 4.8% in the fourth quarter. Chesapeake Wealth Management now owns 15,248 shares of the oil and gas company’s stock valued at $1,640,000 after buying an additional 697 shares during the last quarter. Mitchell & Pahl Private Wealth LLC raised its position in shares of Exxon Mobil by 1.3% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 31,005 shares of the oil and gas company’s stock valued at $3,335,000 after buying an additional 396 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in shares of Exxon Mobil by 8.3% in the fourth quarter. Ballentine Partners LLC now owns 61,389 shares of the oil and gas company’s stock valued at $6,604,000 after buying an additional 4,725 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 0.5 %

NYSE XOM opened at $110.12 on Friday. The firm has a 50 day simple moving average of $111.98 and a 200-day simple moving average of $115.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a one year low of $97.74 and a one year high of $126.34. The firm has a market cap of $483.97 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 2.93 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the firm posted $2.27 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.60%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on XOM. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research report on Thursday, December 12th. Mizuho cut their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Wolfe Research raised their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $128.84.

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.