Korea Investment CORP Has $365.53 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Korea Investment CORP decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,398,047 shares of the oil and gas company's stock after selling 193,131 shares during the quarter. Exxon Mobil makes up about 0.9% of Korea Investment CORP's investment portfolio, making the stock its 14th biggest holding. Korea Investment CORP owned 0.08% of Exxon Mobil worth $365,528,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of Exxon Mobil by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock worth $10,777,735,000 after purchasing an additional 1,622,064 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after buying an additional 5,538,694 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Exxon Mobil by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,860,532 shares of the oil and gas company's stock worth $3,427,237,000 after acquiring an additional 700,415 shares in the last quarter. Franklin Resources Inc. lifted its stake in Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock valued at $3,936,929,000 after acquiring an additional 4,415,012 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Exxon Mobil by 2.2% in the 4th quarter. Fisher Asset Management LLC now owns 29,831,569 shares of the oil and gas company's stock valued at $3,208,982,000 after acquiring an additional 634,012 shares during the period. Institutional investors own 61.80% of the company's stock.

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Wall Street Analysts Forecast Growth

XOM has been the subject of several recent analyst reports. UBS Group cut their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a research note on Thursday, December 12th. Bernstein Bank lifted their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. TD Cowen dropped their price target on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company reduced their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Finally, Scotiabank dropped their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $129.05.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm'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 sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded down $0.23 during midday trading on Friday, hitting $117.66. The stock had a trading volume of 10,220,644 shares, compared to its average volume of 15,706,266. 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 company has a market capitalization of $510.53 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company's 50-day moving average price is $110.73 and its 200-day moving average price is $113.71. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34.

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 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 period last year, the company posted $2.48 earnings per share. As a group, equities research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal 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 paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.37%. Exxon Mobil's payout ratio is currently 50.51%.

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.