Strata Wealth Advisors LLC Reduces Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Strata Wealth Advisors LLC reduced its position in Exxon Mobil Co. (NYSE:XOM) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,968 shares of the oil and gas company’s stock after selling 465 shares during the period. Exxon Mobil makes up approximately 0.4% of Strata Wealth Advisors LLC’s holdings, making the stock its 28th largest holding. Strata Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,395,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Hudson Value Partners LLC increased its stake in shares of Exxon Mobil by 6.7% in the fourth quarter. Hudson Value Partners LLC now owns 6,395 shares of the oil and gas company’s stock worth $688,000 after purchasing an additional 400 shares in the last quarter. Laidlaw Wealth Management LLC boosted its holdings in Exxon Mobil by 5.9% in the 4th quarter. Laidlaw Wealth Management LLC now owns 2,440 shares of the oil and gas company’s stock worth $262,000 after buying an additional 136 shares during the period. Lyell Wealth Management LP grew its stake in Exxon Mobil by 12.0% in the 4th quarter. Lyell Wealth Management LP now owns 18,657 shares of the oil and gas company’s stock valued at $2,007,000 after buying an additional 1,992 shares in the last quarter. Financial Management Network Inc. raised its holdings in Exxon Mobil by 1.2% during the 4th quarter. Financial Management Network Inc. now owns 8,441 shares of the oil and gas company’s stock valued at $910,000 after acquiring an additional 97 shares during the period. Finally, Global Retirement Partners LLC lifted its position in shares of Exxon Mobil by 3.8% during the fourth quarter. Global Retirement Partners LLC now owns 84,439 shares of the oil and gas company’s stock worth $9,083,000 after acquiring an additional 3,115 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Morgan Stanley lifted their target price on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. Finally, Wolfe Research upped their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Transactions at Exxon Mobil

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

Exxon Mobil Stock Down 1.2 %

Shares of XOM opened at $110.67 on Friday. Exxon Mobil Co. has a 1 year low of $102.88 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a 50 day simple moving average of $108.60 and a two-hundred day simple moving average of $114.49. The firm has a market cap of $486.39 billion, a P/E ratio of 14.12, a P/E/G ratio of 2.97 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 quarter in the previous year, the firm posted $2.48 earnings per share. On average, analysts forecast that Exxon Mobil Co. will post 7.43 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 dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.58%. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Exxon Mobil 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.