Natixis Sells 741,057 Shares of Exxon Mobil Co. (NYSE:XOM)

Natixis decreased its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 97.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,308 shares of the oil and gas company's stock after selling 741,057 shares during the quarter. Natixis' holdings in Exxon Mobil were worth $2,077,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth $31,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth about $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil during the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the business'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 sale, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Trading Down 0.0 %

Shares of Exxon Mobil stock traded down $0.02 during trading on Friday, reaching $108.61. 11,244,625 shares of the stock were exchanged, compared to its average volume of 15,930,288. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The firm has a market cap of $469.77 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. 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 stock's fifty day moving average is $109.78 and its 200 day moving average is $112.36.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results 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 previous year, the firm earned $2.48 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.65%. Exxon Mobil's payout ratio is 50.51%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Barclays cut their target price on Exxon Mobil from $135.00 to $130.00 and set an "overweight" rating on the stock in a research report on Wednesday. Argus raised Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. HSBC lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Mizuho cut their price target on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Scotiabank decreased their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a 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 issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $126.50.

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.