Delos Wealth Advisors LLC Sells 317 Shares of Exxon Mobil Co. (NYSE:XOM)

Delos Wealth Advisors LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,611 shares of the oil and gas company’s stock after selling 317 shares during the period. Delos Wealth Advisors LLC’s holdings in Exxon Mobil were worth $388,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Prevail Innovative Wealth Advisors LLC raised its position in Exxon Mobil by 28.6% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 6,403 shares of the oil and gas company’s stock worth $689,000 after buying an additional 1,423 shares during the last quarter. Inkwell Capital LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $3,204,000. Walled Lake Planning & Wealth Management LLC raised its holdings in shares of Exxon Mobil by 85.2% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 6,485 shares of the oil and gas company’s stock valued at $698,000 after purchasing an additional 2,984 shares during the last quarter. United Bank lifted its position in Exxon Mobil by 11.0% during the fourth quarter. United Bank now owns 19,888 shares of the oil and gas company’s stock valued at $2,139,000 after purchasing an additional 1,968 shares during the period. Finally, Life Planning Partners Inc purchased a new stake in Exxon Mobil in the fourth quarter worth approximately $13,457,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on XOM shares. Scotiabank dropped their price target on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Mizuho cut their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. The Goldman Sachs Group lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Barclays cut their target price on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Finally, Wells Fargo & Company decreased their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $129.05.

Exxon Mobil Stock Performance

XOM opened at $117.66 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The company has a market cap of $510.53 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 3.02 and a beta of 0.83. The firm’s fifty day simple moving average is $110.73 and its two-hundred day simple moving average is $113.71.

Exxon Mobil (NYSE:XOM) last posted 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 previous year, the business earned $2.48 earnings per share. Equities 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 announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.37%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, 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 filing with the SEC, which is available through this link. Company insiders own 0.03% of the company’s stock.

About Exxon Mobil

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.