Sollinda Capital Management LLC Decreases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Sollinda Capital Management LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,622 shares of the oil and gas company’s stock after selling 245 shares during the period. Sollinda Capital Management LLC’s holdings in Exxon Mobil were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $46,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil during the 4th quarter valued at $47,000. Synergy Investment Management LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $47,000. Finally, Compass Financial Services Inc purchased a new stake in Exxon Mobil during the 4th quarter valued at $48,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $111.85 on Tuesday. The company has a market cap of $485.33 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The stock has a 50 day simple moving average of $109.17 and a 200-day simple moving average of $113.85. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 period in the previous year, the company earned $2.48 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent research reports. UBS Group decreased their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Scotiabank reduced their target price on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Morgan Stanley increased their target price on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Finally, HSBC reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $129.25.

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.