Exxon Mobil Co. (NYSE:XOM) Shares Sold by White Wing Wealth Management

White Wing Wealth Management decreased its position in Exxon Mobil Co. (NYSE:XOM) by 3.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,620 shares of the oil and gas company’s stock after selling 104 shares during the quarter. Exxon Mobil comprises about 0.3% of White Wing Wealth Management’s holdings, making the stock its 27th largest position. White Wing Wealth Management’s holdings in Exxon Mobil were worth $307,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Partnership Wealth Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $46,000. Vima LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $50,000. Keener Financial Planning LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $80,000. Neo Ivy Capital Management purchased a new position in shares of Exxon Mobil during the 4th quarter worth $80,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth $91,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. UBS Group upped their target price on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Barclays began coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. TD Cowen upped their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Finally, Scotiabank upped their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.82.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $114.96 on Tuesday. The firm has a market capitalization of $453.29 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 4.14 and a beta of 0.91. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The stock’s 50 day moving average price is $115.25 and its 200 day moving average price is $109.72. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.83 earnings per share. As a group, sell-side analysts expect that Exxon Mobil Co. will post 9.28 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.31%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

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.