Norinchukin Bank The Sells 5,051 Shares of Exxon Mobil Co. (NYSE:XOM)

Norinchukin Bank The lessened its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 156,704 shares of the oil and gas company's stock after selling 5,051 shares during the period. Norinchukin Bank The's holdings in Exxon Mobil were worth $16,857,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Bank of Nova Scotia Trust Co. raised its position in shares of Exxon Mobil by 0.5% in the fourth quarter. Bank of Nova Scotia Trust Co. now owns 23,199 shares of the oil and gas company's stock valued at $2,496,000 after purchasing an additional 120 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Exxon Mobil by 18.5% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 306,839 shares of the oil and gas company's stock valued at $33,007,000 after acquiring an additional 47,909 shares during the period. BOS Asset Management LLC lifted its position in Exxon Mobil by 31.9% during the fourth quarter. BOS Asset Management LLC now owns 10,891 shares of the oil and gas company's stock worth $1,172,000 after acquiring an additional 2,636 shares during the last quarter. Capital International Inc. CA boosted its holdings in shares of Exxon Mobil by 13.1% during the fourth quarter. Capital International Inc. CA now owns 215,303 shares of the oil and gas company's stock worth $23,160,000 after acquiring an additional 24,904 shares during the period. Finally, Capital Research Global Investors grew its position in shares of Exxon Mobil by 3.9% in the fourth quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company's stock valued at $3,739,465,000 after purchasing an additional 1,293,111 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $106.84 on Friday. 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 has a market capitalization of $462.12 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The stock's 50-day simple moving average is $109.82 and its 200 day simple moving average is $112.81.

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 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 last year, the company earned $2.48 earnings per share. On average, analysts anticipate 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 issued a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.71%. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction that occurred on 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 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 filing with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on XOM. Wells Fargo & Company dropped their price target on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. Barclays cut their price objective on shares of Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. Finally, Scotiabank lowered their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $126.75.

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.

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