SeaCrest Wealth Management LLC Has $3.67 Million Stake in Exxon Mobil Corporation $XOM

SeaCrest Wealth Management LLC cut its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 10.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,215 shares of the oil and gas company’s stock after selling 3,607 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Exxon Mobil were worth $3,673,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of XOM. Eagle Capital Management LLC raised its holdings in Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the period. Caxton Associates LLP acquired a new position in shares of Exxon Mobil in the 1st quarter valued at $305,000. Sivia Capital Partners LLC raised its stake in Exxon Mobil by 1.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after buying an additional 207 shares during the period. Castellan Group lifted its holdings in Exxon Mobil by 2.9% during the second quarter. Castellan Group now owns 26,470 shares of the oil and gas company’s stock worth $2,853,000 after acquiring an additional 740 shares in the last quarter. Finally, United Bank grew its stake in Exxon Mobil by 2.8% in the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock valued at $2,352,000 after acquiring an additional 600 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.6%

XOM traded up $0.88 during trading hours on Friday, hitting $154.41. 2,445,480 shares of the company’s stock were exchanged, compared to its average volume of 20,964,023. The stock has a market cap of $643.38 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 1.24 and a beta of 0.35. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $159.60. The stock’s 50-day moving average is $141.31 and its two-hundred day moving average is $124.28. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The firm had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. During the same period in the previous year, the firm posted $1.67 EPS. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

More Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, the vice president owned 23,584 shares of the company’s stock, valued at $3,295,864. The trade was a 17.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 16,380 shares of company stock valued at $2,227,734 in the last ninety days. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada raised their price target on Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, January 16th. TD Cowen lifted their price target on shares of Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. BMO Capital Markets restated a “market perform” rating and set a $155.00 price objective on shares of Exxon Mobil in a report on Wednesday, February 4th. Finally, Jefferies Financial Group upped their target price on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $146.00.

Get Our Latest Analysis on Exxon Mobil

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

See Also

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

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