Sei Investments Co. Sells 37,303 Shares of Exxon Mobil Co. (NYSE:XOM)

Sei Investments Co. reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,243,411 shares of the oil and gas company's stock after selling 37,303 shares during the quarter. Sei Investments Co.'s holdings in Exxon Mobil were worth $133,755,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of XOM. Principal Financial Group Inc. boosted its holdings in 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 valued at $786,453,000 after acquiring an additional 521,932 shares during the last quarter. United Bank boosted its stake in shares of 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 purchasing an additional 641 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of Exxon Mobil by 8.2% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 52,191 shares of the oil and gas company's stock worth $6,118,000 after buying an additional 3,977 shares during the period. Pacer Advisors Inc. raised its stake in shares of Exxon Mobil by 4.1% during the third quarter. Pacer Advisors Inc. now owns 335,319 shares of the oil and gas company's stock worth $39,306,000 after buying an additional 13,215 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in Exxon Mobil by 3.2% in the third quarter. Eagle Asset Management Inc. now owns 61,484 shares of the oil and gas company's stock valued at $7,446,000 after buying an additional 1,935 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have commented on XOM. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. BMO Capital Markets decreased their price objective on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research note on Friday, January 31st. Bernstein Bank increased their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. TD Cowen decreased their target price on 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, Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average target price of $129.15.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business'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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Stock Up 0.3 %

Shares of Exxon Mobil stock traded up $0.31 on Monday, reaching $115.81. 14,201,090 shares of the company were exchanged, compared to its average volume of 14,959,556. The company has a market capitalization of $502.52 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34. The company has a 50-day moving average of $110.22 and a 200 day moving average of $113.58.

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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the business earned $2.48 EPS. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

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.