Melfa Wealth Management LLC Has $1.27 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Melfa Wealth Management LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOMFree Report) by 24.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,649 shares of the oil and gas company’s stock after selling 4,128 shares during the period. Exxon Mobil accounts for 1.2% of Melfa Wealth Management LLC’s holdings, making the stock its 22nd biggest position. Melfa Wealth Management LLC’s holdings in Exxon Mobil were worth $1,265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. KB Financial Partners LLC acquired a new stake in Exxon Mobil during the 1st quarter worth approximately $27,000. IMA Wealth Inc. boosted its position in shares of Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 324 shares during the period. FWL Investment Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at about $43,000. DHJJ Financial Advisors Ltd. acquired a new stake in Exxon Mobil in the 3rd quarter worth about $49,000. Finally, Studio Investment Management LLC bought a new stake in Exxon Mobil in the 4th quarter valued at about $49,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 0.6 %

Exxon Mobil stock opened at $116.95 on Tuesday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $120.70. The firm has a 50 day moving average price of $106.11 and a two-hundred day moving average price of $105.89. The firm has a market cap of $464.04 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 4.26 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same period in the previous year, the business earned $3.40 EPS. The firm’s revenue was down 11.6% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is currently 42.74%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on XOM shares. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. TD Cowen boosted their target price on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday. Mizuho lifted their price objective on shares of Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Finally, JPMorgan Chase & Co. cut their target price on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research note on Friday, December 8th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.47.

Get Our Latest Stock Analysis on Exxon Mobil

Exxon Mobil Company Profile

(Free Report)

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.

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

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