NFJ Investment Group LLC Sells 1,895 Shares of Exxon Mobil Co. (NYSE:XOM)

NFJ Investment Group LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 310,212 shares of the oil and gas company’s stock after selling 1,895 shares during the period. Exxon Mobil makes up 1.1% of NFJ Investment Group LLC’s investment portfolio, making the stock its 20th biggest holding. NFJ Investment Group LLC’s holdings in Exxon Mobil were worth $33,370,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $6,936,737,000. Bank of New York Mellon Corp boosted its position in Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after purchasing an additional 5,538,694 shares during the period. Pacer Advisors Inc. grew its holdings in Exxon Mobil by 1,524.1% during the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after purchasing an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Finally, Proficio Capital Partners LLC lifted its stake in shares of Exxon Mobil by 13,899.5% in the fourth quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company’s stock worth $1,963,000 after buying an additional 1,875,320 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.3 %

Shares of XOM opened at $103.08 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market cap of $445.85 billion, a PE ratio of 13.15, a PEG ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The stock has a 50 day simple moving average of $110.10 and a 200-day simple moving average of $113.03.

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 (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the business earned $2.48 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company 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 was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.84%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Analysts Set New Price Targets

XOM has been the topic of several recent analyst reports. Barclays dropped their target price on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Wells Fargo & Company lowered their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Piper Sandler lowered their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $126.75.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred 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 directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil 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.