Elk River Wealth Management LLC Has $432,000 Stock Position in Exxon Mobil Co. (NYSE:XOM)

Elk River Wealth Management LLC trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 8.5% in the fourth quarter, Holdings Channel reports. The firm owned 4,321 shares of the oil and gas company’s stock after selling 400 shares during the quarter. Elk River Wealth Management LLC’s holdings in Exxon Mobil were worth $432,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Intrepid Capital Management Inc. boosted its stake in Exxon Mobil by 1.2% in the 2nd quarter. Intrepid Capital Management Inc. now owns 7,928 shares of the oil and gas company’s stock worth $850,000 after purchasing an additional 92 shares in the last quarter. Traynor Capital Management Inc. lifted its stake in Exxon Mobil by 4.2% during the 3rd quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company’s stock valued at $276,000 after acquiring an additional 94 shares during the period. Money Concepts Capital Corp lifted its stake in Exxon Mobil by 3.1% during the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock valued at $367,000 after acquiring an additional 95 shares during the period. Defined Wealth Management LLC lifted its stake in Exxon Mobil by 2.4% during the 3rd quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock valued at $476,000 after acquiring an additional 96 shares during the period. Finally, Fluent Financial LLC lifted its stake in Exxon Mobil by 2.8% during the 3rd quarter. Fluent Financial LLC now owns 3,610 shares of the oil and gas company’s stock valued at $424,000 after acquiring an additional 97 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

NYSE XOM traded up $1.19 on Thursday, hitting $116.16. The company had a trading volume of 8,795,014 shares, compared to its average volume of 18,321,352. The company has a market capitalization of $460.90 billion, a PE ratio of 12.99, a PEG ratio of 4.17 and a beta of 0.96. The company’s fifty day moving average price is $104.98 and its 200-day moving average price is $105.89. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $120.70.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the prior year, the firm earned $3.40 earnings per share. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, analysts predict that Exxon Mobil Co. will post 9.11 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. Exxon Mobil’s payout ratio is 42.74%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on XOM. Mizuho lifted their price objective on shares of Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. UBS Group decreased their price objective on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. JPMorgan Chase & Co. cut their target price on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a report on Friday, December 8th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $128.18.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.06% of the company’s stock.

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.