Invesco Ltd. Reduces Stake in Exxon Mobil Co. (NYSE:XOM)

Invesco Ltd. lessened its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,456,964 shares of the oil and gas company's stock after selling 508,642 shares during the quarter. Exxon Mobil comprises about 0.4% of Invesco Ltd.'s investment portfolio, making the stock its 24th largest position. Invesco Ltd. owned approximately 0.47% of Exxon Mobil worth $2,200,556,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $6,936,737,000. Bank of New York Mellon Corp grew its holdings in Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after purchasing an additional 5,538,694 shares during the period. Pacer Advisors Inc. increased its stake in Exxon Mobil by 1,524.1% in the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company's stock valued at $585,818,000 after purchasing an additional 5,110,603 shares in the last quarter. Franklin Resources Inc. raised its holdings in Exxon Mobil by 16.3% in the third 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 grew its holdings in shares of Exxon Mobil by 13,899.5% in 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 during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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Exxon Mobil Price Performance

XOM traded down $5.96 on Thursday, hitting $99.84. 17,159,348 shares of the company's stock traded hands, compared to its average volume of 15,927,333. 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 Co. has a one year low of $97.84 and a one year high of $126.34. The company's 50 day simple moving average is $110.61 and its 200-day simple moving average is $113.39. The firm has a market cap of $433.22 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the business earned $2.48 EPS. As a group, research analysts anticipate 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. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.97%. Exxon Mobil's dividend payout ratio is presently 50.51%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent analyst reports. TD Cowen reduced their target price on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a report on Monday, December 16th. BMO Capital Markets decreased their price objective on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. decreased their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Finally, UBS Group decreased their target price on shares of Exxon Mobil from $146.00 to $135.00 and set a "buy" rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $128.20.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction 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 transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

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.