Sargent Investment Group LLC Sells 216 Shares of Exxon Mobil Co. (NYSE:XOM)

Sargent Investment Group LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,181 shares of the oil and gas company’s stock after selling 216 shares during the period. Sargent Investment Group LLC’s holdings in Exxon Mobil were worth $2,424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Wealth Management Investment Advisory Inc. increased its holdings in Exxon Mobil by 10.7% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after buying an additional 4,578 shares during the period. Helen Stephens Group LLC increased its stake in Exxon Mobil by 7.3% in the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after acquiring an additional 2,825 shares during the last quarter. Brooklyn Investment Group raised its position in Exxon Mobil by 36.8% during the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock valued at $2,945,000 after purchasing an additional 6,753 shares in the last quarter. Parthenon LLC boosted its holdings in shares of Exxon Mobil by 2.4% in the 3rd quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock valued at $22,458,000 after purchasing an additional 4,445 shares in the last quarter. Finally, Hilltop Holdings Inc. increased its stake in shares of Exxon Mobil by 41.3% in the 3rd quarter. Hilltop Holdings Inc. now owns 76,288 shares of the oil and gas company’s stock valued at $8,942,000 after purchasing an additional 22,296 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 legal filing with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $108.87 on Friday. The business has a 50-day simple moving average of $109.59 and a 200 day simple moving average of $115.00. The firm has a market capitalization of $478.49 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 2.79 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a one year low of $100.42 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 quarter last year, the company posted $2.48 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post 7.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several research analyst reports. Mizuho reduced their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Wolfe Research lifted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. BMO Capital Markets dropped their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, Wells Fargo & Company dropped their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.