Wealthfront Advisers LLC Reduces Stock Position in Exxon Mobil Corporation $XOM

Wealthfront Advisers LLC trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 1.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 430,572 shares of the oil and gas company’s stock after selling 5,659 shares during the period. Wealthfront Advisers LLC’s holdings in Exxon Mobil were worth $48,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. Norges Bank acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $6,163,719,000. First Trust Advisors LP lifted its position in Exxon Mobil by 150.2% in the second quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock valued at $819,560,000 after acquiring an additional 4,563,707 shares during the last quarter. Cerity Partners LLC boosted its stake in Exxon Mobil by 200.7% in the second quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock valued at $217,162,000 after acquiring an additional 4,015,099 shares in the last quarter. Laurel Wealth Advisors LLC grew its holdings in shares of Exxon Mobil by 10,809.8% during the second quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock worth $333,652,000 after purchasing an additional 3,066,736 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Exxon Mobil by 119.4% during the third quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock worth $301,310,000 after purchasing an additional 1,454,308 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $149.18, for a total transaction of $481,851.40. Following the transaction, the vice president owned 20,354 shares in the company, valued at approximately $3,036,409.72. The trade was a 13.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 14,230 shares of company stock valued at $1,888,421. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

NYSE:XOM opened at $151.22 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The firm has a market cap of $637.72 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 15.49 and a beta of 0.39. The firm’s fifty day moving average price is $126.47 and its 200 day moving average price is $117.70. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $151.55.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. The company had revenue of $82.31 billion during the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business’s revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the business earned $1.67 EPS. On average, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s payout ratio is currently 61.58%.

Key Stories Impacting Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

Wall Street Analyst Weigh In

XOM has been the topic of a number of research reports. Citigroup raised their price target on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 10th. Royal Bank Of Canada increased their price objective on Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. Bank of America upped their price target on shares of Exxon Mobil from $129.00 to $135.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $140.59.

Check Out Our Latest Research Report on Exxon Mobil

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

See Also

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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