Signet Financial Management LLC Sells 1,851 Shares of Exxon Mobil Co. (NYSE:XOM)

Signet Financial Management LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,071 shares of the oil and gas company’s stock after selling 1,851 shares during the period. Signet Financial Management LLC’s holdings in Exxon Mobil were worth $1,607,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. KB Financial Partners LLC purchased a new stake in Exxon Mobil in the first quarter worth approximately $27,000. IMA Wealth Inc. grew its stake in shares of Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 324 shares during the last quarter. FWL Investment Management LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth about $43,000. Turim 21 Investimentos Ltda. increased its stake in Exxon Mobil by 222.5% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 396 shares during the period. Finally, Studio Investment Management LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth $49,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.06% of the company’s stock.

Exxon Mobil Trading Down 0.1 %

Shares of NYSE XOM opened at $118.46 on Friday. The firm’s 50 day moving average price is $111.18 and its 200-day moving average price is $106.30. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The company has a market cap of $468.90 billion, a PE ratio of 13.33, a P/E/G ratio of 4.08 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The business had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. Exxon Mobil’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.40 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is 42.74%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on XOM. Scotiabank upped their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. UBS Group lifted their price objective on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Mizuho reissued a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. Finally, Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $132.28.

Exxon Mobil Company Profile

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.