Holowesko Partners Ltd. Sells 28,573 Shares of Exxon Mobil Co. (NYSE:XOM)

Holowesko Partners Ltd. lessened its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 15.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 151,800 shares of the oil and gas company's stock after selling 28,573 shares during the period. Exxon Mobil makes up 7.5% of Holowesko Partners Ltd.'s investment portfolio, making the stock its 6th largest holding. Holowesko Partners Ltd.'s holdings in Exxon Mobil were worth $16,329,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in XOM. Prevail Innovative Wealth Advisors LLC lifted its holdings in Exxon Mobil by 28.6% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 6,403 shares of the oil and gas company's stock valued at $689,000 after acquiring an additional 1,423 shares during the period. Inkwell Capital LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at about $3,204,000. Walled Lake Planning & Wealth Management LLC boosted its holdings in Exxon Mobil by 85.2% during 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 buying an additional 2,984 shares in the last quarter. United Bank grew its position in Exxon Mobil by 11.0% during the fourth quarter. United Bank now owns 19,888 shares of the oil and gas company's stock worth $2,139,000 after buying an additional 1,968 shares during the period. Finally, Life Planning Partners Inc purchased a new position in Exxon Mobil in the fourth quarter valued at about $13,457,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

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Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company's stock.

Analyst Ratings Changes

XOM has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Mizuho reduced their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. BMO Capital Markets reduced their price target on 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. The Goldman Sachs Group reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. One research 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 stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average target price of $129.05.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded up $1.36 on Monday, hitting $119.09. The company's stock had a trading volume of 21,644,704 shares, compared to its average volume of 15,729,953. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34. The stock's 50-day moving average is $110.73 and its two-hundred day moving average is $113.74. 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 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.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results 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 period in the prior year, the firm posted $2.48 EPS. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

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