Martin Investment Management LLC Sells 7,338 Shares of Exxon Mobil Co. (NYSE:XOM)

Martin Investment Management LLC lessened its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 51.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,958 shares of the oil and gas company's stock after selling 7,338 shares during the period. Martin Investment Management LLC's holdings in Exxon Mobil were worth $748,000 as of its most recent filing with the SEC.

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

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $0.20 on Wednesday, reaching $118.84. 12,572,775 shares of the company's stock were exchanged, compared to its average volume of 15,695,422. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. The company has a fifty day moving average of $111.20 and a 200-day moving average of $113.89. The company has a market capitalization of $515.66 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 3.02 and a beta of 0.60. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

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Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 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 last year, the firm posted $2.48 EPS. On average, research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research reports. HSBC cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock 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. Barclays cut their price target on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Scotiabank decreased their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Finally, Wells Fargo & Company cut their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $129.05.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.03% of the company's stock.

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.