MRP Capital Investments LLC Cuts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

MRP Capital Investments LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 48.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,321 shares of the oil and gas company’s stock after selling 5,847 shares during the quarter. MRP Capital Investments LLC’s holdings in Exxon Mobil were worth $632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Assenagon Asset Management S.A. boosted its position in Exxon Mobil by 83.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock valued at $149,213,000 after acquiring an additional 575,649 shares in the last quarter. Qsemble Capital Management LP raised its holdings in Exxon Mobil by 34.3% in the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock worth $553,000 after purchasing an additional 1,200 shares in the last quarter. RNC Capital Management LLC lifted its position in Exxon Mobil by 5.5% during the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after buying an additional 4,585 shares during the period. Meyer Handelman Co. boosted its holdings in shares of Exxon Mobil by 5.9% during the 3rd quarter. Meyer Handelman Co. now owns 390,975 shares of the oil and gas company’s stock valued at $45,971,000 after buying an additional 21,895 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its stake in shares of Exxon Mobil by 9.6% in the 4th quarter. Stratos Wealth Advisors LLC now owns 57,712 shares of the oil and gas company’s stock worth $5,770,000 after acquiring an additional 5,043 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 0.6 %

Exxon Mobil stock opened at $119.68 on Tuesday. The business has a 50-day simple moving average of $110.24 and a two-hundred day simple moving average of $106.12. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The company has a market cap of $473.72 billion, a P/E ratio of 13.46, a P/E/G ratio of 4.21 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. The firm had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.40 EPS. Analysts predict that Exxon Mobil Co. will post 9.54 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is currently 42.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on XOM shares. Barclays assumed coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective on the stock. UBS Group raised their price target on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Mizuho reiterated a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. TD Cowen raised their price objective on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $131.44.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil 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 transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

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.