Oppenheimer Asset Management Inc. Sells 47,546 Shares of Exxon Mobil Co. (NYSE:XOM)

Oppenheimer Asset Management Inc. lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 290,392 shares of the oil and gas company’s stock after selling 47,546 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Exxon Mobil were worth $31,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Keystone Financial Group Inc. purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $46,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $47,000. Compass Financial Services Inc bought a new stake in Exxon Mobil during the fourth quarter worth approximately $48,000. Finally, Peterson Financial Group Inc. purchased a new stake in Exxon Mobil during the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated 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 approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 1.1 %

Shares of NYSE XOM opened at $111.33 on Friday. The firm has a market cap of $483.08 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 52-week low of $104.03 and a 52-week high of $126.34. The company’s 50-day simple moving average is $108.95 and its 200-day simple moving average is $114.26. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 firm posted $2.48 EPS. Equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent analyst reports. The Goldman Sachs Group dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Scotiabank reduced their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Bernstein Bank increased their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.