Good Life Advisors LLC Sells 1,917 Shares of Exxon Mobil Co. (NYSE:XOM)

Good Life Advisors LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,416 shares of the oil and gas company’s stock after selling 1,917 shares during the quarter. Good Life Advisors LLC’s holdings in Exxon Mobil were worth $3,245,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Cookson Peirce & Co. Inc. boosted its stake in shares of Exxon Mobil by 16.6% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock worth $1,140,000 after acquiring an additional 1,469 shares during the period. St. Louis Trust Co boosted its stake in shares of Exxon Mobil by 11.0% in the fourth quarter. St. Louis Trust Co now owns 35,533 shares of the oil and gas company’s stock worth $3,919,000 after acquiring an additional 3,507 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in shares of Exxon Mobil by 5.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company’s stock worth $12,963,000 after buying an additional 5,770 shares in the last quarter. Northstar Asset Management LLC lifted its holdings in shares of Exxon Mobil by 3.0% in the fourth quarter. Northstar Asset Management LLC now owns 32,262 shares of the oil and gas company’s stock worth $3,558,000 after buying an additional 925 shares in the last quarter. Finally, TTP Investments Inc. lifted its holdings in shares of Exxon Mobil by 0.9% in the fourth quarter. TTP Investments Inc. now owns 20,844 shares of the oil and gas company’s stock worth $2,299,000 after buying an additional 181 shares in the last quarter. 57.49% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Down 0.5 %

Shares of XOM traded down $0.56 during midday trading on Friday, hitting $105.10. 4,744,280 shares of the company’s stock traded hands, compared to its average volume of 16,184,392. Exxon Mobil Co. has a 1 year low of $80.69 and a 1 year high of $119.92. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $424.92 billion, a price-to-earnings ratio of 7.23, a price-to-earnings-growth ratio of 0.63 and a beta of 1.09. The firm’s fifty day moving average is $110.33 and its 200-day moving average is $110.59.

Exxon Mobil (NYSE:XOM – Get Rating) last released its 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. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The firm had revenue of $86.56 billion during the quarter, compared to the consensus estimate of $90.07 billion. During the same quarter in the previous year, the company posted $2.07 earnings per share. The company’s revenue was down 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 9.59 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Tuesday, May 16th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.46%. The ex-dividend date is Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is 24.64%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $116.11, for a total value of $290,275.00. Following the completion of the transaction, the vice president now owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Argus lifted their target price on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Cowen raised their target price on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. Mizuho lowered their price target on shares of Exxon Mobil from $147.00 to $130.00 in a report on Friday, May 19th. Morgan Stanley lifted their target price on Exxon Mobil from $118.00 to $122.00 in a report on Tuesday, May 2nd. Finally, Wells Fargo & Company lifted their target price on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.30.

Exxon Mobil Company Profile

(Get Rating)

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.