Exxon Mobil Co. (NYSE:XOM) Shares Sold by PGGM Investments

PGGM Investments lessened its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 36.1% in the 3rd quarter, Holdings Channel reports. The fund owned 129,684 shares of the oil and gas company’s stock after selling 73,168 shares during the period. PGGM Investments’ holdings in Exxon Mobil were worth $15,248,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in XOM. KB Financial Partners LLC purchased a new stake in Exxon Mobil in the 1st quarter worth approximately $27,000. IMA Wealth Inc. boosted its stake in shares of Exxon Mobil by 720.0% during the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 324 shares during the period. FWL Investment Management LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at $43,000. Turim 21 Investimentos Ltda. boosted its stake in shares of Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in shares of Exxon Mobil during the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $101.55 on Tuesday. The company has a market capitalization of $402.43 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 3.66 and a beta of 0.97. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $120.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The company’s fifty day moving average price is $100.79 and its 200 day moving average price is $106.43.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. The firm had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.40 EPS. As a group, analysts expect that Exxon Mobil Co. will post 9.28 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Wednesday, February 14th will be issued a $0.95 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.74%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Insider Buying and Selling

In other news, VP Leonard M. Fox sold 12,000 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $102.65, for a total transaction of $1,231,800.00. Following the transaction, the vice president now owns 220,678 shares in the company, valued at approximately $22,652,596.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Leonard M. Fox sold 12,000 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $102.65, for a total transaction of $1,231,800.00. Following the transaction, the vice president now owns 220,678 shares in the company, valued at approximately $22,652,596.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey W. Ubben sold 2,077,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $104.06, for a total transaction of $216,132,620.00. Following the transaction, the director now owns 13,000 shares in the company, valued at approximately $1,352,780. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. Jefferies Financial Group lifted their target price on shares of Exxon Mobil from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. TD Cowen raised shares of Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research note on Tuesday, January 23rd. Sanford C. Bernstein started coverage on shares of Exxon Mobil in a research note on Tuesday, October 17th. They set an “outperform” rating and a $140.00 target price for the company. JPMorgan Chase & Co. cut their price target on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, December 8th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a report on Monday. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.53.

Get Our Latest Stock Report on Exxon Mobil

Exxon Mobil Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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