Golden State Wealth Management LLC Cuts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Golden State Wealth Management LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 80.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,587 shares of the oil and gas company’s stock after selling 14,674 shares during the quarter. Golden State Wealth Management LLC’s holdings in Exxon Mobil were worth $250,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in XOM. Bogart Wealth LLC lifted its position in shares of Exxon Mobil by 6.6% during the 3rd quarter. Bogart Wealth LLC now owns 376,736 shares of the oil and gas company’s stock worth $26,601,000 after buying an additional 23,445 shares in the last quarter. BBVA USA Bancshares Inc. boosted its stake in shares of Exxon Mobil by 174.9% in the 3rd quarter. BBVA USA Bancshares Inc. now owns 246,332 shares of the oil and gas company’s stock worth $17,394,000 after buying an additional 156,732 shares during the last quarter. Putnam FL Investment Management Co. grew its holdings in shares of Exxon Mobil by 56.2% in the third quarter. Putnam FL Investment Management Co. now owns 59,718 shares of the oil and gas company’s stock valued at $4,217,000 after acquiring an additional 21,493 shares in the last quarter. EFG Asset Management Americas Corp. grew its holdings in shares of Exxon Mobil by 77.0% in the third quarter. EFG Asset Management Americas Corp. now owns 4,959 shares of the oil and gas company’s stock valued at $357,000 after acquiring an additional 2,157 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its position in shares of Exxon Mobil by 42.3% during the third quarter. Catalyst Capital Advisors LLC now owns 42,077 shares of the oil and gas company’s stock valued at $2,972,000 after acquiring an additional 12,500 shares during the last quarter. Institutional investors and hedge funds own 55.82% of the company’s stock.

A number of research analysts have issued reports on XOM shares. Jefferies Financial Group restated a “neutral” rating and issued a $75.00 price objective on shares of Exxon Mobil in a research note on Wednesday, January 22nd. Wells Fargo & Co lowered their price objective on shares of Exxon Mobil from $71.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Friday, March 6th. Cowen lowered their price objective on shares of Exxon Mobil from $58.00 to $54.00 and set a “market perform” rating on the stock in a research report on Friday, March 6th. Royal Bank of Canada reiterated a “hold” rating and issued a $65.00 target price on shares of Exxon Mobil in a research note on Wednesday, February 26th. Finally, HSBC reissued a “neutral” rating and set a $70.00 target price on shares of Exxon Mobil in a research report on Wednesday, February 12th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $67.63.

NYSE XOM opened at $41.98 on Thursday. The firm has a market cap of $183.72 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 2.50 and a beta of 1.10. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $58.43 and its 200-day moving average is $66.79. Exxon Mobil Co. has a 12-month low of $40.80 and a 12-month high of $83.49.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.89. Exxon Mobil had a net margin of 5.41% and a return on equity of 5.11%. The business had revenue of $67.17 billion during the quarter, compared to analyst estimates of $64.58 billion. During the same period in the previous year, the business earned $1.41 EPS. Exxon Mobil’s revenue was down 6.6% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Co. will post 2.64 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 11th were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.48 dividend on an annualized basis and a yield of 8.29%. Exxon Mobil’s dividend payout ratio (DPR) is 154.67%.

In related news, CEO Darren W. Woods bought 2,858 shares of Exxon Mobil stock in a transaction on Monday, February 10th. The stock was acquired at an average price of $60.53 per share, with a total value of $172,994.74. Following the acquisition, the chief executive officer now directly owns 818,032 shares of the company’s stock, valued at $49,515,476.96. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.05% of the stock is owned by company insiders.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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