Barrow Hanley Mewhinney & Strauss LLC Cuts Holdings in Exxon Mobil Co. (NYSE:XOM)

Barrow Hanley Mewhinney & Strauss LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 makes up about 1.5% of Barrow Hanley Mewhinney & Strauss LLC's investment portfolio, making the stock its 26th biggest position. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.09% of Exxon Mobil worth $424,066,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of XOM. American Money Management LLC grew its position in Exxon Mobil by 51.9% in the fourth quarter. American Money Management LLC now owns 4,369 shares of the oil and gas company's stock valued at $470,000 after acquiring an additional 1,493 shares during the last quarter. MV Capital Management Inc. boosted its position in shares of Exxon Mobil by 1.5% during the 4th quarter. MV Capital Management Inc. now owns 11,918 shares of the oil and gas company's stock valued at $1,282,000 after purchasing an additional 175 shares in the last quarter. Allianz SE bought a new position in Exxon Mobil during the fourth quarter worth $20,896,000. Gardner Russo & Quinn LLC grew its stake in shares of Exxon Mobil by 0.4% in the 4th quarter. Gardner Russo & Quinn LLC now owns 188,953 shares of the oil and gas company's stock valued at $20,326,000 after buying an additional 720 shares during the period. Finally, WealthTrak Capital Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at $221,000. Institutional investors and hedge funds own 61.80% of the company's stock.

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Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Performance

Exxon Mobil stock traded up $1.36 during midday trading on Monday, hitting $119.09. The stock had a trading volume of 21,644,704 shares, compared to its average volume of 15,729,953. The company has a market capitalization of $516.73 billion, a PE ratio of 15.19, a P/E/G ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The firm's fifty day moving average is $110.73 and its two-hundred day moving average is $113.74. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the firm earned $2.48 earnings per share. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current 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 dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is currently 50.51%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company decreased their price target on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. Bernstein Bank upped their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Barclays dropped their price target on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Finally, Morgan Stanley lowered their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.