Avaii Wealth Management LLC Sells 450 Shares of Exxon Mobil Co. (NYSE:XOM)

Avaii Wealth Management LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,715 shares of the oil and gas company’s stock after selling 450 shares during the period. Avaii Wealth Management LLC’s holdings in Exxon Mobil were worth $722,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Crescent Grove Advisors LLC increased its holdings in Exxon Mobil by 16.7% during the 4th quarter. Crescent Grove Advisors LLC now owns 15,634 shares of the oil and gas company’s stock worth $1,682,000 after purchasing an additional 2,235 shares in the last quarter. Jamison Private Wealth Management Inc. grew its holdings in Exxon Mobil by 2.8% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 51,644 shares of the oil and gas company’s stock worth $5,555,000 after buying an additional 1,420 shares in the last quarter. Duncan Williams Asset Management LLC grew its holdings in Exxon Mobil by 35.2% during the fourth quarter. Duncan Williams Asset Management LLC now owns 7,760 shares of the oil and gas company’s stock worth $835,000 after buying an additional 2,020 shares in the last quarter. TTP Investments Inc. raised its position in Exxon Mobil by 0.4% in the 4th quarter. TTP Investments Inc. now owns 29,709 shares of the oil and gas company’s stock valued at $3,196,000 after buying an additional 130 shares during the last quarter. Finally, Precedent Wealth Partners LLC lifted its stake in Exxon Mobil by 0.8% during the 4th quarter. Precedent Wealth Partners LLC now owns 22,094 shares of the oil and gas company’s stock valued at $2,377,000 after acquiring an additional 182 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 2.0 %

XOM opened at $107.99 on Wednesday. The company has a 50 day moving average of $111.35 and a 200 day moving average of $115.41. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34. The company has a market cap of $474.64 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.27 EPS. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.67%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on XOM shares. Barclays lowered their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Morgan Stanley dropped their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. BMO Capital Markets upped their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.