Signature Wealth Management Partners LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 4.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,918 shares of the oil and gas company’s stock after selling 1,000 shares during the quarter. Exxon Mobil comprises 2.4% of Signature Wealth Management Partners LLC’s portfolio, making the stock its 11th largest holding. Signature Wealth Management Partners LLC’s holdings in Exxon Mobil were worth $2,418,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Exxon Mobil by 94.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock valued at $3,463,672,000 after buying an additional 19,230,872 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Exxon Mobil by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock worth $2,575,190,000 after purchasing an additional 560,517 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Exxon Mobil by 12.3% in the third quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock worth $2,468,477,000 after purchasing an additional 3,094,957 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Exxon Mobil by 2.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,456,421 shares of the oil and gas company’s stock valued at $1,087,570,000 after purchasing an additional 317,096 shares in the last quarter. Finally, Fayez Sarofim & Co lifted its position in Exxon Mobil by 1.9% during the third quarter. Fayez Sarofim & Co now owns 10,717,955 shares of the oil and gas company’s stock valued at $935,784,000 after purchasing an additional 196,344 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the sale, the vice president now directly owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.06% of the stock is owned by insiders.
Analyst Ratings Changes
Exxon Mobil Trading Up 1.3 %
NYSE XOM opened at $118.34 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. Exxon Mobil Co. has a fifty-two week low of $80.69 and a fifty-two week high of $119.92. The stock has a market cap of $480.38 billion, a P/E ratio of 8.92, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08. The stock has a 50 day simple moving average of $111.20 and a two-hundred day simple moving average of $110.48.
Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.18. The company had revenue of $86.56 billion during the quarter, compared to analyst estimates of $90.07 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.07 earnings per share. On average, analysts forecast that Exxon Mobil Co. will post 9.9 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Tuesday, May 16th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Monday, May 15th. Exxon Mobil’s dividend payout ratio is currently 27.45%.
About Exxon Mobil
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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