Martingale Asset Management L P Grows Stake in Exxon Mobil Co. (NYSE:XOM)

Martingale Asset Management L P lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 5.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 375,330 shares of the oil and gas company's stock after acquiring an additional 18,638 shares during the period. Exxon Mobil accounts for about 1.0% of Martingale Asset Management L P's portfolio, making the stock its 15th largest position. Martingale Asset Management L P's holdings in Exxon Mobil were worth $40,374,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on XOM. Barclays decreased their price objective on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. Argus upgraded Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. BMO Capital Markets dropped their price objective 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. UBS Group reduced their target price on shares of Exxon Mobil from $146.00 to $135.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, The Goldman Sachs Group dropped their price target 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 analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $126.95.

Exxon Mobil Stock Performance

Exxon Mobil stock traded up $3.12 during midday trading on Friday, reaching $103.05. The stock had a trading volume of 22,869,206 shares, compared to its average volume of 15,983,226. The firm has a market capitalization of $445.70 billion, a PE ratio of 13.14, a P/E/G 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. 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 firm's 50-day moving average price is $110.33 and its 200 day moving average price is $113.19.

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 earnings per share (EPS) for the quarter, missing the consensus estimate 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 prior year, the business posted $2.48 earnings per share. As a group, research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share 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 issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's payout ratio is currently 50.51%.

Exxon Mobil Company 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.