Salomon & Ludwin LLC Sells 592 Shares of Exxon Mobil Co. (NYSE:XOM)

Salomon & Ludwin LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 12.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,316 shares of the oil and gas company’s stock after selling 592 shares during the period. Salomon & Ludwin LLC’s holdings in Exxon Mobil were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its stake in shares of Exxon Mobil by 7,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after purchasing an additional 6,805,982 shares during the period. Pacer Advisors Inc. boosted its stake in Exxon Mobil by 1,524.1% in the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after buying an additional 5,110,603 shares in the last quarter. Franklin Resources Inc. grew its position in Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after acquiring an additional 4,415,012 shares during the period. Assenagon Asset Management S.A. raised its stake in Exxon Mobil by 168.5% during the third quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock worth $531,060,000 after acquiring an additional 2,842,844 shares in the last quarter. Finally, Strategic Financial Concepts LLC lifted its holdings in shares of Exxon Mobil by 11,131.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock valued at $192,853,000 after acquiring an additional 1,776,848 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

XOM stock opened at $110.05 on Wednesday. Exxon Mobil Co. has a twelve month low of $102.64 and a twelve month high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $483.66 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89. The business’s fifty day moving average is $108.68 and its 200-day moving average is $114.61.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the business posted $2.48 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 7.37 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is presently 50.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Wolfe Research raised their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. The Goldman Sachs Group decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Piper Sandler cut their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

About Exxon Mobil

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.