Russell Investments Group Ltd. Sells 280,056 Shares of Exxon Mobil Co. (NYSE:XOM)

Russell Investments Group Ltd. decreased its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,860,974 shares of the oil and gas company's stock after selling 280,056 shares during the period. Exxon Mobil accounts for about 0.4% of Russell Investments Group Ltd.'s holdings, making the stock its 28th biggest position. Russell Investments Group Ltd. owned about 0.07% of Exxon Mobil worth $307,687,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rahlfs Capital LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $4,138,000. Hemenway Trust Co LLC lifted its holdings in Exxon Mobil by 2.5% during the fourth quarter. Hemenway Trust Co LLC now owns 16,510 shares of the oil and gas company's stock valued at $1,776,000 after purchasing an additional 397 shares during the last quarter. Wedbush Securities Inc. boosted its position in Exxon Mobil by 5.5% during the fourth quarter. Wedbush Securities Inc. now owns 127,457 shares of the oil and gas company's stock worth $13,711,000 after purchasing an additional 6,602 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Exxon Mobil by 6.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,031,675 shares of the oil and gas company's stock worth $541,257,000 after purchasing an additional 300,067 shares in the last quarter. Finally, KCM Investment Advisors LLC raised its position in shares of Exxon Mobil by 11.1% in the fourth quarter. KCM Investment Advisors LLC now owns 36,786 shares of the oil and gas company's stock valued at $3,957,000 after purchasing an additional 3,677 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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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 shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly 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. Insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on XOM shares. Scotiabank cut their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. Mizuho lowered their target price on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research note on Thursday. TD Cowen reduced their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. cut their price objective on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $128.20.

Exxon Mobil Trading Down 1.6 %

Shares of Exxon Mobil stock traded down $1.70 during trading on Monday, reaching $102.64. 35,061,819 shares of the stock were exchanged, compared to its average volume of 15,816,989. Exxon Mobil Co. has a 1 year low of $98.59 and a 1 year high of $126.34. The firm has a market cap of $445.38 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. 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 stock's fifty day moving average is $111.16 and its 200 day moving average is $113.81.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its 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 period in the previous year, the firm earned $2.48 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.86%. Exxon Mobil's dividend payout ratio is 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.