Sollinda Capital Management LLC Sells 10,763 Shares of Exxon Mobil Corporation $XOM

Sollinda Capital Management LLC decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 76.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,256 shares of the oil and gas company’s stock after selling 10,763 shares during the quarter. Sollinda Capital Management LLC’s holdings in Exxon Mobil were worth $367,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Maryland State Retirement & Pension System boosted its position in Exxon Mobil by 2.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock worth $24,342,000 after acquiring an additional 5,573 shares during the last quarter. Linscomb Wealth Inc. boosted its holdings in Exxon Mobil by 1.4% during the second quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock worth $42,017,000 after purchasing an additional 5,527 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in Exxon Mobil by 3.3% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock worth $34,576,000 after purchasing an additional 9,831 shares during the last quarter. Capital Counsel LLC NY increased its stake in Exxon Mobil by 0.9% in the 2nd quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock valued at $5,356,000 after buying an additional 460 shares during the last quarter. Finally, OneAscent Wealth Management LLC lifted its position in Exxon Mobil by 116.7% during the 2nd quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock worth $825,000 after buying an additional 4,123 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

NYSE:XOM opened at $138.51 on Tuesday. The company has a market cap of $584.12 billion, a P/E ratio of 20.70, a P/E/G ratio of 14.93 and a beta of 0.39. The firm’s fifty day moving average price is $123.25 and its two-hundred day moving average price is $116.34. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $142.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company had revenue of $82.31 billion during the quarter, compared to analysts’ expectations of $77.98 billion. During the same quarter last year, the company posted $1.67 EPS. Exxon Mobil’s quarterly revenue was down 1.3% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s payout ratio is currently 61.58%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on XOM. TD Cowen restated a “buy” rating on shares of Exxon Mobil in a report on Monday, January 26th. Barclays raised their price target on Exxon Mobil from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Wells Fargo & Company dropped their price objective on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday. UBS Group reissued a “buy” rating and issued a $171.00 price objective on shares of Exxon Mobil in a report on Monday. Finally, Mizuho boosted their target price on shares of Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $138.53.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the transaction, the vice president owned 28,584 shares in the company, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

About Exxon Mobil

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.