Trinity Legacy Partners LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 11.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,739 shares of the oil and gas company’s stock after selling 851 shares during the quarter. Trinity Legacy Partners LLC’s holdings in Exxon Mobil were worth $743,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in Exxon Mobil by 14.9% during the 2nd quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock worth $11,573,746,000 after purchasing an additional 17,521,080 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Exxon Mobil by 94.1% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock worth $3,463,672,000 after purchasing an additional 19,230,872 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Exxon Mobil by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock worth $2,575,190,000 after purchasing an additional 560,517 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Exxon Mobil by 12.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock worth $2,468,477,000 after purchasing an additional 3,094,957 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Exxon Mobil by 14.3% during the 2nd quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock worth $2,144,479,000 after purchasing an additional 3,131,617 shares during the last quarter. Hedge funds and other institutional investors own 57.49% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. Argus boosted their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. Citigroup boosted their price target on shares of Exxon Mobil from $98.00 to $110.00 in a research report on Tuesday, November 22nd. Bank of America boosted their price target on shares of Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, February 1st. Finally, Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $121.64.
Insider Activity at Exxon Mobil
Exxon Mobil Stock Down 1.2 %
XOM stock opened at $99.84 on Friday. The company’s 50 day moving average price is $111.74 and its 200 day moving average price is $106.43. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. Exxon Mobil Co. has a fifty-two week low of $78.10 and a fifty-two week high of $119.63. The firm has a market capitalization of $406.45 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.46 and a beta of 1.09.
Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. The firm had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.05 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Co. will post 10.08 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is 27.45%.
Exxon Mobil Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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