Dakota Wealth Management Sells 45,490 Shares of Exxon Mobil Co. (NYSE:XOM)

Dakota Wealth Management trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 18.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,272 shares of the oil and gas company’s stock after selling 45,490 shares during the period. Exxon Mobil makes up approximately 0.8% of Dakota Wealth Management’s portfolio, making the stock its 24th biggest position. Dakota Wealth Management’s holdings in Exxon Mobil were worth $20,023,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. KB Financial Partners LLC bought a new stake in Exxon Mobil during the 1st quarter worth approximately $27,000. IMA Wealth Inc. increased its holdings in Exxon Mobil by 720.0% during the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 324 shares in the last quarter. FWL Investment Management LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $43,000. Studio Investment Management LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $49,000. Finally, Turim 21 Investimentos Ltda. increased its holdings in Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 396 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $118.69 on Wednesday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The business’s 50 day simple moving average is $110.57 and its 200 day simple moving average is $106.13. The company has a market cap of $469.81 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 4.15 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same quarter in the prior year, the business earned $3.40 earnings per share. Exxon Mobil’s revenue for the quarter was down 11.6% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.20%. Exxon Mobil’s payout ratio is 42.74%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Scotiabank boosted 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. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. TD Cowen boosted their price objective on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, Barclays began coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.44.

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.