FIL Ltd Sells 54,355 Shares of Exxon Mobil Co. (NYSE:XOM)

FIL Ltd lowered its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,288,691 shares of the oil and gas company's stock after selling 54,355 shares during the quarter. FIL Ltd's holdings in Exxon Mobil were worth $138,624,000 at the end of the most recent quarter.

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

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on XOM. Scotiabank cut their price objective 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. JPMorgan Chase & Co. cut their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a report on Monday, December 16th. HSBC reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Mizuho dropped their target price on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.95.

Exxon Mobil Stock Performance

Shares of XOM traded up $3.12 during trading hours on Friday, hitting $103.05. The company's stock had a trading volume of 22,869,206 shares, compared to its average volume of 15,983,226. The company has a market cap of $445.70 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 3.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The business has a 50 day simple moving average of $110.33 and a two-hundred day simple moving average of $113.19. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week 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 analysts' consensus estimates 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 period in the previous year, the firm posted $2.48 EPS. On average, equities 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. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.84%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's payout ratio is 50.51%.

Exxon Mobil 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.