Sei Investments Co. Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Sei Investments Co. cut its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 707,914 shares of the oil and gas company’s stock after selling 51,922 shares during the period. Sei Investments Co.’s holdings in Exxon Mobil were worth $78,084,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Wealthquest Corp increased its holdings in shares of Exxon Mobil by 1.4% in the 3rd quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock worth $578,000 after buying an additional 89 shares during the last quarter. Bank of The West grew its holdings in Exxon Mobil by 0.8% during the 4th quarter. Bank of The West now owns 10,726 shares of the oil and gas company’s stock valued at $1,183,000 after purchasing an additional 89 shares during the last quarter. Motive Wealth Advisors grew its holdings in Exxon Mobil by 2.1% during the 4th quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock valued at $472,000 after purchasing an additional 90 shares during the last quarter. Smart Money Group LLC grew its holdings in Exxon Mobil by 3.8% during the 4th quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 91 shares during the last quarter. Finally, Acorn Wealth Advisors LLC grew its holdings in Exxon Mobil by 3.8% during the 4th quarter. Acorn Wealth Advisors LLC now owns 2,483 shares of the oil and gas company’s stock valued at $274,000 after purchasing an additional 91 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

XOM stock traded up $0.62 during midday trading on Friday, hitting $106.28. 1,750,068 shares of the stock traded hands, compared to its average volume of 16,153,954. The firm has a market cap of $429.69 billion, a P/E ratio of 7.23, a PEG ratio of 0.63 and a beta of 1.09. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.46 and a quick ratio of 1.10. The stock’s fifty day simple moving average is $110.33 and its 200-day simple moving average is $110.59. Exxon Mobil Co. has a 1-year low of $80.69 and a 1-year high of $119.92.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.18. The business had revenue of $86.56 billion for the quarter, compared to the consensus estimate of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same period last year, the firm posted $2.07 earnings per share. On average, analysts expect that Exxon Mobil Co. will post 9.59 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Monday, May 15th. Exxon Mobil’s dividend payout ratio is currently 24.64%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $116.11, for a total value of $290,275.00. Following the transaction, the vice president now directly owns 29,272 shares of the company’s stock, valued at $3,398,771.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XOM. Jefferies Financial Group cut their price target on shares of Exxon Mobil from $148.00 to $140.00 in a report on Monday, May 15th. Cowen upped their price target on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research report on Thursday, February 2nd. Scotiabank cut shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $140.00 to $135.00 in a research report on Thursday, April 13th. StockNews.com initiated coverage on shares of Exxon Mobil in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Argus upped their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.30.

Exxon Mobil 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.