Simplicity Wealth LLC Has $1.54 Million Position in Exxon Mobil Co. (NYSE:XOM)

Simplicity Wealth LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 42.7% in the 4th quarter, Holdings Channel reports. The firm owned 14,318 shares of the oil and gas company’s stock after selling 10,665 shares during the period. Simplicity Wealth LLC’s holdings in Exxon Mobil were worth $1,540,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $46,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $47,000. Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $47,000. Finally, Compass Financial Services Inc acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $48,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Bernstein Bank upped their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Scotiabank cut their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Wells Fargo & Company cut their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, Morgan Stanley upped their target price on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Stock Up 1.3 %

Shares of NYSE XOM opened at $109.05 on Monday. The stock has a market cap of $473.20 billion, a PE ratio of 13.91, a PEG ratio of 3.02 and a beta of 0.83. The business has a fifty day moving average of $109.05 and a two-hundred day moving average of $113.87. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. 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 earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 last year, the business earned $2.48 earnings per share. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.63%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

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.