Mondrian Investment Partners LTD Has $78.45 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Mondrian Investment Partners LTD lessened its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 734,358 shares of the oil and gas company's stock after selling 13,472 shares during the quarter. Mondrian Investment Partners LTD's holdings in Exxon Mobil were worth $78,451,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of Exxon Mobil by 8.4% in the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock worth $786,453,000 after purchasing an additional 521,932 shares in the last quarter. United Bank increased its stake in Exxon Mobil by 3.7% in the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company's stock valued at $2,101,000 after buying an additional 641 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its position in Exxon Mobil by 10.3% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 5,708 shares of the oil and gas company's stock worth $669,000 after buying an additional 532 shares in the last quarter. Proactive Wealth Strategies LLC acquired a new stake in shares of Exxon Mobil during the 3rd quarter valued at $397,000. Finally, Ashton Thomas Private Wealth LLC grew its holdings in shares of Exxon Mobil by 0.4% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 100,568 shares of the oil and gas company's stock valued at $11,789,000 after acquiring an additional 443 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Remove Ads

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $3.31 during mid-day trading on Friday, hitting $111.98. The company had a trading volume of 15,879,116 shares, compared to its average volume of 14,959,386. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34. The firm has a market cap of $485.90 billion, a P/E ratio of 14.28, a PEG ratio of 3.02 and a beta of 0.83. The business's 50-day simple moving average is $109.34 and its 200-day simple moving average is $113.68. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data 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 period in the prior year, the firm earned $2.48 EPS. As a group, analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is 50.51%.

Analysts Set New Price Targets

Several analysts recently issued reports on XOM shares. Bernstein Bank increased their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Mizuho cut their price target on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. The Goldman Sachs Group lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Scotiabank cut their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Finally, Morgan Stanley lifted their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. One 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $129.25.

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.