New York Life Investment Management LLC Sells 1,625 Shares of Exxon Mobil Co. (NYSE:XOM)

New York Life Investment Management LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 590,013 shares of the oil and gas company’s stock after selling 1,625 shares during the quarter. Exxon Mobil accounts for approximately 0.6% of New York Life Investment Management LLC’s portfolio, making the stock its 25th largest holding. New York Life Investment Management LLC’s holdings in Exxon Mobil were worth $63,468,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Rockline Wealth Management LLC grew its stake in shares of Exxon Mobil by 6.1% in the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after purchasing an additional 1,498 shares during the last quarter. Global Wealth Management Investment Advisory Inc. lifted its holdings in Exxon Mobil by 10.7% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock worth $5,532,000 after buying an additional 4,578 shares during the period. Helen Stephens Group LLC lifted its holdings in shares of Exxon Mobil by 7.3% during 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 purchasing an additional 2,825 shares during the last quarter. Brooklyn Investment Group lifted its holdings in shares of 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 during the last quarter. Finally, Parthenon LLC raised its holdings in Exxon Mobil by 2.4% in the 3rd quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock worth $22,458,000 after acquiring an additional 4,445 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of XOM stock opened at $111.33 on Friday. Exxon Mobil Co. has a 12 month low of $104.03 and a 12 month high of $126.34. The company has a market capitalization of $483.08 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The firm’s 50-day moving average is $108.95 and its two-hundred day moving average is $114.26. 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 (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 last year, the firm posted $2.48 earnings per share. Analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.56%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. TD Cowen decreased their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Mizuho decreased their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Morgan Stanley upped their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Finally, BMO Capital Markets lowered their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

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.