Brandywine Global Investment Management LLC cut its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 5.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,144,051 shares of the oil and gas company's stock after selling 121,216 shares during the quarter. Exxon Mobil comprises about 2.2% of Brandywine Global Investment Management LLC's investment portfolio, making the stock its 3rd biggest position. Brandywine Global Investment Management LLC owned 0.05% of Exxon Mobil worth $252,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of XOM. KB Financial Partners LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth approximately $27,000. IMA Wealth Inc. raised its stake in shares of Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company's stock valued at $40,000 after purchasing an additional 324 shares in the last quarter. FWL Investment Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth about $43,000. Turim 21 Investimentos Ltda. grew its stake in Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 396 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in Exxon Mobil during the third quarter valued at approximately $49,000. Hedge funds and other institutional investors own 58.53% of the company's stock.
Exxon Mobil Stock Performance
XOM stock remained flat at $103.73 during trading on Monday. 20,151,400 shares of the company traded hands, compared to its average volume of 19,300,412. The firm has a fifty day moving average price of $101.01 and a 200 day moving average price of $106.25. The company has a market capitalization of $411.07 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 3.74 and a beta of 0.97. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $120.70.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts' consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same period in the prior year, the business posted $3.40 EPS. The business's revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, equities analysts predict that Exxon Mobil Co. will post 9.25 EPS for the current year.
Exxon Mobil Announces Dividend
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 paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.66%. Exxon Mobil's dividend payout ratio is currently 42.74%.
Insider Buying and Selling
In other Exxon Mobil news, Director Jeffrey W. Ubben sold 2,077,000 shares of the company's stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $104.06, for a total value of $216,132,620.00. Following the completion of the sale, the director now directly owns 13,000 shares of the company's stock, valued at approximately $1,352,780. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Exxon Mobil news, VP Leonard M. Fox sold 12,000 shares of the business's stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $102.65, for a total transaction of $1,231,800.00. Following the sale, the vice president now owns 220,678 shares in the company, valued at approximately $22,652,596.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey W. Ubben sold 2,077,000 shares of Exxon Mobil stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 13,000 shares in the company, valued at $1,352,780. The disclosure for this sale can be found here. 0.04% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on XOM. Royal Bank of Canada reiterated a "sector perform" rating and issued a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. TD Cowen raised shares of Exxon Mobil from a "market perform" rating to an "outperform" rating and set a $115.00 target price on the stock in a report on Tuesday, January 23rd. Mizuho downgraded shares of Exxon Mobil from a "buy" rating to a "neutral" rating and set a $117.00 price target on the stock. in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Exxon Mobil from $134.00 to $127.00 and set an "overweight" rating for the company in a research report on Friday, December 8th. Finally, Erste Group Bank reissued a "hold" rating on shares of Exxon Mobil in a report on Friday, December 22nd. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.53.
View Our Latest Stock Report on Exxon Mobil
About Exxon Mobil
(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.
See Also
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