LGT Fund Management Co Ltd. Cuts Stake in Exxon Mobil Co. (NYSE:XOM)

LGT Fund Management Co Ltd. lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,859 shares of the oil and gas company’s stock after selling 801 shares during the period. LGT Fund Management Co Ltd.’s holdings in Exxon Mobil were worth $4,180,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of XOM. Alesco Advisors LLC grew its stake in Exxon Mobil by 15.7% during the 4th quarter. Alesco Advisors LLC now owns 13,176 shares of the oil and gas company’s stock valued at $1,417,000 after acquiring an additional 1,788 shares in the last quarter. LGT Group Foundation grew its stake in shares of Exxon Mobil by 16.8% in the 4th quarter. LGT Group Foundation now owns 230,646 shares of the oil and gas company’s stock valued at $24,811,000 after buying an additional 33,223 shares during the period. DJE Kapital AG acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $13,656,000. Plato Investment Management Ltd lifted its holdings in shares of Exxon Mobil by 4.3% in the 4th quarter. Plato Investment Management Ltd now owns 78,669 shares of the oil and gas company’s stock worth $8,493,000 after acquiring an additional 3,245 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $13,304,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Trading Down 3.3 %

NYSE XOM opened at $107.69 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm’s fifty day moving average price is $108.98 and its 200 day moving average price is $114.12. The company has a market capitalization of $467.28 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 12 month low of $104.03 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company earned $2.48 earnings per share. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.68%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

Wall Street Analyst Weigh In

XOM has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company reduced their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Piper Sandler reduced their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. reduced their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Finally, Bernstein Bank increased their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

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.