Exxon Mobil Co. (NYSE:XOM) Stock Position Trimmed by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in Exxon Mobil Co. (NYSE:XOM) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 431,352,864 shares of the oil and gas company’s stock after selling 759,345 shares during the quarter. Exxon Mobil comprises approximately 0.8% of Vanguard Group Inc.’s investment portfolio, making the stock its 14th biggest holding. Vanguard Group Inc. owned 9.81% of Exxon Mobil worth $46,400,628,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Community Bank N.A. increased its holdings in shares of Exxon Mobil by 1.6% during the fourth quarter. Community Bank N.A. now owns 57,035 shares of the oil and gas company’s stock valued at $6,135,000 after purchasing an additional 913 shares during the period. Napatree Capital LLC increased its stake in Exxon Mobil by 11.4% during the 4th quarter. Napatree Capital LLC now owns 9,435 shares of the oil and gas company’s stock valued at $1,015,000 after buying an additional 962 shares during the period. Mosley Wealth Management raised its position in shares of Exxon Mobil by 20.1% during the 4th quarter. Mosley Wealth Management now owns 8,594 shares of the oil and gas company’s stock worth $934,000 after buying an additional 1,440 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $177,430,000. Finally, Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Exxon Mobil by 0.9% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 246,449 shares of the oil and gas company’s stock valued at $26,511,000 after acquiring an additional 2,208 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on XOM. Wells Fargo & Company decreased their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. HSBC cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. Scotiabank decreased their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Finally, Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.15.

Exxon Mobil Trading Down 0.5 %

Shares of NYSE:XOM opened at $115.30 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock’s 50-day moving average is $110.09 and its 200-day moving average is $113.57. The company has a market cap of $500.29 billion, a P/E ratio of 14.71, a P/E/G ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 period last year, the business posted $2.48 earnings per share. Equities research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.43%. Exxon Mobil’s dividend payout ratio is 50.51%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was 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 in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.03% 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.