Clearbridge Investments LLC Sells 216,448 Shares of Exxon Mobil Co. (NYSE:XOM)

Clearbridge Investments LLC reduced its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,381,098 shares of the oil and gas company's stock after selling 216,448 shares during the period. Exxon Mobil makes up about 0.7% of Clearbridge Investments LLC's holdings, making the stock its 29th biggest holding. Clearbridge Investments LLC owned approximately 0.17% of Exxon Mobil worth $816,788,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. Inkwell Capital LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $3,204,000. Walled Lake Planning & Wealth Management LLC boosted its holdings in Exxon Mobil by 85.2% in the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 6,485 shares of the oil and gas company's stock worth $698,000 after purchasing an additional 2,984 shares during the period. United Bank grew its position in shares of Exxon Mobil by 11.0% during the 4th quarter. United Bank now owns 19,888 shares of the oil and gas company's stock valued at $2,139,000 after buying an additional 1,968 shares during the last quarter. Life Planning Partners Inc bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $13,457,000. Finally, American Money Management LLC increased 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 worth $470,000 after buying an additional 1,493 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of research analysts have issued reports on XOM shares. Mizuho reduced their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Scotiabank dropped their target price on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Morgan Stanley decreased their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday. HSBC cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a report on Friday, January 31st. Finally, The Goldman Sachs Group dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.05.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction dated 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 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 can be accessed through this link. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded up $1.36 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 price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm's 50 day moving average price is $110.73 and its 200-day moving average price is $113.74. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 prior year, the company posted $2.48 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.33%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is 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.