Van ECK Associates Corp Trims Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Van ECK Associates Corp decreased its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 7.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,049 shares of the oil and gas company’s stock after selling 5,914 shares during the period. Van ECK Associates Corp’s holdings in Exxon Mobil were worth $9,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KB Financial Partners LLC purchased a new position in shares of Exxon Mobil during the 1st quarter valued at about $27,000. IMA Wealth Inc. raised its stake in shares of Exxon Mobil by 720.0% during the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 324 shares during the last quarter. FWL Investment Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at about $43,000. DHJJ Financial Advisors Ltd. purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at about $49,000. Finally, Studio Investment Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. TD Cowen upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research note on Tuesday, January 23rd. JPMorgan Chase & Co. cut their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research note on Friday, December 8th. Sanford C. Bernstein initiated coverage on Exxon Mobil in a research note on Tuesday, October 17th. They issued an “outperform” rating and a $140.00 price target for the company. Finally, UBS Group cut their price target on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.53.

Get Our Latest Report on XOM

Exxon Mobil Trading Down 2.1 %

Shares of Exxon Mobil stock opened at $101.77 on Friday. The stock has a market cap of $403.31 billion, a P/E ratio of 11.45, a P/E/G ratio of 3.69 and a beta of 0.97. The stock’s 50 day simple moving average is $100.75 and its 200-day simple moving average is $106.35. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $120.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same period in the previous year, the firm posted $3.40 EPS. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 9.39 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Wednesday, February 14th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is presently 42.74%.

Insider Activity at Exxon Mobil

In related news, VP Leonard M. Fox sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $102.65, for a total value of $1,231,800.00. Following the transaction, the vice president now directly owns 220,678 shares in the company, valued at $22,652,596.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Exxon Mobil news, VP Leonard M. Fox sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $102.65, for a total value of $1,231,800.00. Following the sale, the vice president now owns 220,678 shares of the company’s stock, valued at $22,652,596.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey W. Ubben sold 2,077,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $104.06, for a total value of $216,132,620.00. Following the completion of the sale, the director now directly owns 13,000 shares in the company, valued at approximately $1,352,780. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

About Exxon Mobil

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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