Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC increased its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 16.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,795 shares of the oil and gas company's stock after acquiring an additional 4,276 shares during the period. Kesler Norman & Wride LLC's holdings in Exxon Mobil were worth $3,313,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Te Ahumairangi Investment Management Ltd lifted its stake in Exxon Mobil by 0.6% in the fourth quarter. Te Ahumairangi Investment Management Ltd now owns 21,411 shares of the oil and gas company's stock worth $2,303,000 after acquiring an additional 132 shares during the last quarter. Columbia Asset Management acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $2,589,000. Massachusetts Financial Services Co. MA lifted its position in shares of Exxon Mobil by 2.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 18,706,256 shares of the oil and gas company's stock worth $2,012,232,000 after purchasing an additional 378,248 shares during the last quarter. RFG Bristol Wealth Advisors LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth $3,885,000. Finally, Discovery Capital Management LLC CT acquired a new stake in Exxon Mobil in the fourth quarter valued at $66,414,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction dated 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 directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

XOM has been the subject of several analyst reports. Wells Fargo & Company lowered their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. TD Cowen lowered their price target on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a report on Monday, December 16th. Mizuho dropped their price target on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research note on Thursday. UBS Group reduced their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. One research 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $128.80.

Exxon Mobil Price Performance

XOM stock traded down $8.26 on Friday, reaching $104.17. 30,827,385 shares of the company's stock were exchanged, compared to its average volume of 15,739,626. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. 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 has a fifty day moving average of $111.16 and a 200-day moving average of $113.81. The firm has a market cap of $452.01 billion, a PE ratio of 13.29, a P/E/G ratio of 3.02 and a beta of 0.60.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued 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 in the previous year, the firm earned $2.48 earnings per share. As a group, equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal 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 given a dividend of $0.99 per share. 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 3.80%. 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.