Capstone Wealth Management Group LLC cut its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,186 shares of the oil and gas company’s stock after selling 195 shares during the quarter. Exxon Mobil makes up approximately 1.6% of Capstone Wealth Management Group LLC’s portfolio, making the stock its 16th largest holding. Capstone Wealth Management Group LLC’s holdings in Exxon Mobil were worth $1,454,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Avaii Wealth Management LLC lifted its position in shares of Exxon Mobil by 89.7% in the fourth quarter. Avaii Wealth Management LLC now owns 5,239 shares of the oil and gas company’s stock valued at $578,000 after acquiring an additional 2,477 shares in the last quarter. Cassia Capital Partners LLC purchased a new position in Exxon Mobil in the 4th quarter valued at $817,000. Beaumont Financial Advisors LLC purchased a new position in Exxon Mobil in the 4th quarter valued at $2,260,000. Mayflower Financial Advisors LLC grew its holdings in shares of Exxon Mobil by 0.3% during the fourth quarter. Mayflower Financial Advisors LLC now owns 200,286 shares of the oil and gas company’s stock worth $22,091,000 after buying an additional 503 shares in the last quarter. Finally, Steel Peak Wealth Management LLC raised its position in shares of Exxon Mobil by 14.7% in the fourth quarter. Steel Peak Wealth Management LLC now owns 14,939 shares of the oil and gas company’s stock valued at $1,648,000 after buying an additional 1,919 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Cowen upped their price objective on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a research note on Thursday, February 2nd. Redburn Partners lowered Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. B. Riley lifted their price objective on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. StockNews.com initiated coverage on Exxon Mobil in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Finally, Barclays lifted their price target on Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $121.64.
Insider Activity at Exxon Mobil
Exxon Mobil Stock Down 1.7 %
Shares of NYSE:XOM opened at $115.05 on Friday. The firm has a market capitalization of $468.37 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 0.51 and a beta of 1.08. Exxon Mobil Co. has a 1 year low of $79.29 and a 1 year high of $119.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. The firm’s 50-day moving average is $110.73 and its two-hundred day moving average is $108.01.
Exxon Mobil (NYSE:XOM – Get Rating) last announced its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The firm had revenue of $95.43 billion for the quarter, compared to the consensus estimate of $90.21 billion. During the same period in the prior year, the firm earned $2.05 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts predict that Exxon Mobil Co. will post 9.98 EPS for the current year.
Exxon Mobil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s payout ratio is currently 27.45%.
Exxon Mobil Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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