Kennedy Capital Management LLC Sells 2,846 Shares of Exxon Mobil Co. (NYSE:XOM)

Kennedy Capital Management LLC cut its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,294 shares of the oil and gas company's stock after selling 2,846 shares during the quarter. Kennedy Capital Management LLC's holdings in Exxon Mobil were worth $6,593,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several analysts recently commented on XOM shares. UBS Group cut their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday. Barclays decreased their price objective on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th. The Goldman Sachs Group cut their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. HSBC cut their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Finally, Scotiabank reduced their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $126.75.

Exxon Mobil Trading Up 1.4 %

XOM traded up $1.47 during trading on Wednesday, hitting $104.57. 4,114,249 shares of the stock traded hands, compared to its average volume of 15,938,061. The firm has a 50-day moving average of $110.10 and a 200 day moving average of $113.03. 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 firm has a market capitalization of $452.30 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34.

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 analysts' consensus estimates 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 quarter last year, the company earned $2.48 EPS. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's payout ratio is 50.51%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 18,087 shares of the company's stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is owned by company 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.