Exxon Mobil Co. (NYSE:XOM) Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,959,405 shares of the oil and gas company's stock after selling 58,508 shares during the quarter. Exxon Mobil accounts for approximately 2.4% of Cullen Capital Management LLC's holdings, making the stock its 11th largest position. Cullen Capital Management LLC's holdings in Exxon Mobil were worth $210,773,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of XOM. Norges Bank bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $6,936,737,000. Bank of New York Mellon Corp raised its position in Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after acquiring an additional 5,538,694 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Exxon Mobil by 1,524.1% during the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company's stock worth $585,818,000 after acquiring an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. raised its holdings in Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Finally, Proficio Capital Partners LLC lifted its position in shares of Exxon Mobil by 13,899.5% during the 4th quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company's stock valued at $1,963,000 after buying an additional 1,875,320 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

XOM has been the topic of several analyst reports. Barclays lowered their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Scotiabank dropped their target price on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Morgan Stanley decreased their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. HSBC cut their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a report on Friday, January 31st. Finally, Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus price target of $128.20.

Exxon Mobil Stock Down 0.6 %

Exxon Mobil stock traded down $0.65 during midday trading on Wednesday, reaching $100.13. The company's stock had a trading volume of 8,140,313 shares, compared to its average volume of 15,826,581. Exxon Mobil Co. has a 52-week low of $97.23 and a 52-week high of $126.34. The stock has a market capitalization of $434.46 billion, a P/E ratio of 12.74, a PEG ratio of 3.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock's 50-day simple moving average is $110.70 and its 200-day simple moving average is $113.52.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 quarter last year, the business posted $2.48 EPS. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil 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.