Gardner Russo & Quinn LLC Raises Position in Exxon Mobil Co. (NYSE:XOM)

Gardner Russo & Quinn LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,953 shares of the oil and gas company’s stock after purchasing an additional 720 shares during the period. Exxon Mobil makes up approximately 0.2% of Gardner Russo & Quinn LLC’s portfolio, making the stock its 18th largest position. Gardner Russo & Quinn LLC’s holdings in Exxon Mobil were worth $20,326,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in Exxon Mobil by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after purchasing an additional 521,932 shares in the last quarter. United Bank boosted its position in shares of Exxon Mobil by 3.7% in the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock worth $2,101,000 after buying an additional 641 shares in the last quarter. FORA Capital LLC purchased a new position in Exxon Mobil during the 3rd quarter valued at about $671,000. Northwest & Ethical Investments L.P. raised its position in Exxon Mobil by 15.5% during the third quarter. Northwest & Ethical Investments L.P. now owns 60,510 shares of the oil and gas company’s stock worth $7,093,000 after acquiring an additional 8,110 shares during the last quarter. Finally, Isthmus Partners LLC purchased a new stake in shares of Exxon Mobil in the third quarter valued at about $905,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity

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 value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 0.2 %

Shares of XOM opened at $117.66 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 one year low of $103.67 and a one year high of $126.34. The stock has a 50-day moving average price of $110.73 and a 200 day moving average price of $113.69. The company has a market capitalization of $510.53 billion, a P/E ratio of 15.01, a P/E/G ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate 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 in the previous year, the firm earned $2.48 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

Analysts Set New Price Targets

Several research analysts recently issued reports on XOM shares. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Mizuho cut their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Wells Fargo & Company decreased their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. BMO Capital Markets cut their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. Finally, TD Cowen cut their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $129.05.

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.