GQG Partners LLC Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

GQG Partners LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 99.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,102 shares of the oil and gas company's stock after selling 11,735,817 shares during the quarter. GQG Partners LLC's holdings in Exxon Mobil were worth $7,111,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Longfellow Investment Management Co. LLC grew its holdings in Exxon Mobil by 0.6% in the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company's stock worth $1,704,000 after purchasing an additional 88 shares during the last quarter. West Oak Capital LLC grew its stake in Exxon Mobil by 0.6% during the 4th quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company's stock worth $1,743,000 after buying an additional 92 shares during the last quarter. Beacon Capital Management LLC increased its position in Exxon Mobil by 1.1% during the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock valued at $923,000 after buying an additional 93 shares in the last quarter. Cadent Capital Advisors LLC increased its position in Exxon Mobil by 0.3% during the 4th quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company's stock valued at $4,020,000 after buying an additional 94 shares in the last quarter. Finally, Lincoln Capital LLC raised its stake in Exxon Mobil by 1.1% in the fourth quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company's stock valued at $917,000 after buying an additional 94 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

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Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company's 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 sale, the vice president now directly 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by insiders.

Exxon Mobil Price Performance

NYSE:XOM traded down $0.38 during trading hours on Thursday, hitting $117.89. 6,240,077 shares of the stock were exchanged, compared to its average volume of 14,916,862. The company has a market cap of $511.55 billion, a P/E ratio of 15.03, a P/E/G ratio of 3.02 and a beta of 0.83. The firm's fifty day moving average price is $110.49 and its 200 day moving average price is $113.64. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. 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 announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 period in the previous year, the business posted $2.48 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.36%. Exxon Mobil's dividend payout ratio is presently 50.51%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on XOM shares. Scotiabank dropped their price target on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. BMO Capital Markets cut their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research note on Friday, January 31st. UBS Group lowered their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a research note on Thursday, December 12th. Wells Fargo & Company reduced their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, Barclays dropped their price target on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $129.15.

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.