Barrow Hanley Mewhinney & Strauss LLC Sells 80,198 Shares of Exxon Mobil Co. (NYSE:XOM)

Barrow Hanley Mewhinney & Strauss LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,942,236 shares of the oil and gas company’s stock after selling 80,198 shares during the period. Exxon Mobil accounts for 1.4% of Barrow Hanley Mewhinney & Strauss LLC’s holdings, making the stock its 27th biggest position. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Exxon Mobil were worth $424,066,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in XOM. Tallon Kerry Patrick bought a new position in shares of Exxon Mobil during the fourth quarter worth approximately $789,000. MassMutual Private Wealth & Trust FSB grew its holdings in Exxon Mobil by 4.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 138,833 shares of the oil and gas company’s stock valued at $14,934,000 after buying an additional 5,693 shares in the last quarter. Zhang Financial LLC increased its position in Exxon Mobil by 6.3% during the 4th quarter. Zhang Financial LLC now owns 13,820 shares of the oil and gas company’s stock worth $1,487,000 after buying an additional 819 shares during the period. Cove Private Wealth LLC lifted its holdings in shares of Exxon Mobil by 10.3% during the fourth quarter. Cove Private Wealth LLC now owns 10,736 shares of the oil and gas company’s stock worth $1,155,000 after buying an additional 1,000 shares in the last quarter. Finally, Amplius Wealth Advisors LLC boosted its position in shares of Exxon Mobil by 2.7% in the fourth quarter. Amplius Wealth Advisors LLC now owns 7,881 shares of the oil and gas company’s stock valued at $848,000 after acquiring an additional 204 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on XOM shares. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Thursday. Wells Fargo & Company lowered 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. Scotiabank dropped their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Argus raised Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Morgan Stanley lowered their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $102.97 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. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The stock has a market capitalization of $443.76 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The stock has a fifty day moving average of $108.47 and a 200-day moving average of $110.51.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s dividend payout ratio is 52.52%.

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.