Bridgewater Associates LP Sells 435,046 Shares of Exxon Mobil Co. (NYSE:XOM)

Bridgewater Associates LP decreased its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 47.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 476,481 shares of the oil and gas company's stock after selling 435,046 shares during the period. Bridgewater Associates LP's holdings in Exxon Mobil were worth $51,255,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Rench Wealth Management Inc. lifted its holdings in shares of Exxon Mobil by 1.9% during the 4th quarter. Rench Wealth Management Inc. now owns 48,925 shares of the oil and gas company's stock valued at $5,263,000 after purchasing an additional 932 shares in the last quarter. M Holdings Securities Inc. raised its holdings in shares of Exxon Mobil by 2.5% during the fourth quarter. M Holdings Securities Inc. now owns 25,952 shares of the oil and gas company's stock worth $2,792,000 after acquiring an additional 641 shares during the period. AGP Franklin LLC bought a new stake in Exxon Mobil in the 4th quarter valued at $2,551,000. Rossby Financial LCC bought a new position in Exxon Mobil during the 4th quarter worth about $643,000. Finally, Chiron Investment Management LLC raised its stake in shares of Exxon Mobil by 48.5% in the 4th quarter. Chiron Investment Management LLC now owns 53,090 shares of the oil and gas company's stock valued at $5,711,000 after purchasing an additional 17,346 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on 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 transaction, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on XOM. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. HSBC lowered their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. UBS Group reduced their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday. Bernstein Bank boosted their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, Piper Sandler reduced their target price on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $126.75.

Exxon Mobil Stock Performance

Shares of XOM traded up $2.65 during mid-day trading on Friday, hitting $106.84. The stock had a trading volume of 17,830,092 shares, compared to its average volume of 15,979,540. The firm has a market cap of $462.12 billion, a P/E ratio of 13.63, a PEG ratio of 3.02 and a beta of 0.61. The business has a fifty day moving average price of $109.92 and a 200-day moving average price of $112.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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. On average, equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.71%. Exxon Mobil's dividend payout ratio is currently 50.51%.

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.