Kohmann Bosshard Financial Services LLC Lowers Position in Exxon Mobil Co. (NYSE:XOM)

Kohmann Bosshard Financial Services LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,078 shares of the oil and gas company’s stock after selling 268 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in Exxon Mobil were worth $761,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of XOM. Greenwich Wealth Management LLC raised its position in Exxon Mobil by 1.3% in the 3rd quarter. Greenwich Wealth Management LLC now owns 12,943 shares of the oil and gas company’s stock valued at $1,517,000 after buying an additional 165 shares during the last quarter. Sollinda Capital Management LLC increased its position in shares of Exxon Mobil by 10.9% during the 3rd quarter. Sollinda Capital Management LLC now owns 3,867 shares of the oil and gas company’s stock valued at $453,000 after purchasing an additional 380 shares during the last quarter. Argonautica Private Wealth Management Inc. increased its position in shares of Exxon Mobil by 1.1% during the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 23,239 shares of the oil and gas company’s stock valued at $2,724,000 after purchasing an additional 259 shares during the last quarter. Princeton Global Asset Management LLC increased its position in shares of Exxon Mobil by 5.6% during the 3rd quarter. Princeton Global Asset Management LLC now owns 14,904 shares of the oil and gas company’s stock valued at $1,747,000 after purchasing an additional 788 shares during the last quarter. Finally, Clear Creek Financial Management LLC increased its position in shares of Exxon Mobil by 5.0% during the 3rd quarter. Clear Creek Financial Management LLC now owns 9,549 shares of the oil and gas company’s stock valued at $1,119,000 after purchasing an additional 454 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on XOM shares. JPMorgan Chase & Co. decreased their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. The Goldman Sachs Group decreased their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Argus raised Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Bernstein Bank raised their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, HSBC decreased 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. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Stock Down 3.3 %

Shares of NYSE XOM opened at $107.69 on Tuesday. Exxon Mobil Co. has a 52 week low of $104.03 and a 52 week high of $126.34. The business has a 50-day simple moving average of $108.98 and a two-hundred day simple moving average of $114.12. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $467.28 billion, a P/E ratio of 13.74, a P/E/G ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the company posted $2.48 EPS. Research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders 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 dividend yield of 3.68%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.03% of the stock is currently owned by insiders.

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.