Edgar Lomax Co. VA Trims Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Edgar Lomax Co. VA decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 443,032 shares of the oil and gas company's stock after selling 9,550 shares during the period. Exxon Mobil accounts for 3.1% of Edgar Lomax Co. VA's investment portfolio, making the stock its 11th largest position. Edgar Lomax Co. VA's holdings in Exxon Mobil were worth $47,657,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. grew 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 worth $786,453,000 after buying an additional 521,932 shares in the last quarter. McIlrath & Eck LLC lifted its stake in shares of Exxon Mobil by 7.4% in the 3rd quarter. McIlrath & Eck LLC now owns 5,603 shares of the oil and gas company's stock valued at $657,000 after acquiring an additional 387 shares during the last quarter. Passumpsic Savings Bank boosted its stake in shares of Exxon Mobil by 50.5% during the third quarter. Passumpsic Savings Bank now owns 3,619 shares of the oil and gas company's stock valued at $424,000 after purchasing an additional 1,214 shares during the period. Advisory Resource Group grew its holdings in Exxon Mobil by 3.0% in the 3rd quarter. Advisory Resource Group now owns 43,700 shares of the oil and gas company's stock worth $5,123,000 after acquiring an additional 1,270 shares during the last quarter. Finally, Diamant Asset Management Inc. increased its holdings in Exxon Mobil by 0.9% during the 3rd quarter. Diamant Asset Management Inc. now owns 12,949 shares of the oil and gas company's stock valued at $1,518,000 after purchasing an additional 120 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 2.5 %

Shares of XOM stock opened at $106.84 on Friday. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company's fifty day simple moving average is $109.82 and its two-hundred day simple moving average is $112.81. The stock 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.

Exxon Mobil (NYSE:XOM - Get Free Report) last released 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 in the previous year, the company posted $2.48 EPS. Analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed 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. This represents a $3.96 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is 50.51%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on XOM. Morgan Stanley dropped their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. The Goldman Sachs Group reduced their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Bernstein Bank upped their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, Scotiabank reduced their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $126.75.

About Exxon Mobil

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.

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