Exxon Mobil Co. (NYSE:XOM) Shares Sold by Guardian Investment Management

Guardian Investment Management decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,339 shares of the oil and gas company’s stock after selling 454 shares during the quarter. Exxon Mobil comprises approximately 1.0% of Guardian Investment Management’s holdings, making the stock its 25th biggest holding. Guardian Investment Management’s holdings in Exxon Mobil were worth $1,435,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. International Assets Investment Management LLC grew its stake in shares of Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after buying an additional 6,805,982 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after purchasing an additional 5,235,607 shares during the period. Franklin Resources Inc. lifted its position in shares of Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Exxon Mobil by 117.5% in the second quarter. Clearbridge Investments LLC now owns 7,668,483 shares of the oil and gas company’s stock valued at $882,795,000 after purchasing an additional 4,142,171 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Exxon Mobil by 168.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock valued at $531,060,000 after purchasing an additional 2,842,844 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM stock opened at $111.52 on Wednesday. The firm has a 50-day moving average of $112.40 and a two-hundred day moving average of $115.50. The firm has a market capitalization of $490.12 billion, a PE ratio of 13.89, a P/E/G ratio of 3.01 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the previous year, the company posted $2.27 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.55%. Exxon Mobil’s payout ratio is presently 49.32%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on XOM. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Morgan Stanley dropped their price objective on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Barclays reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Mizuho decreased 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. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Read Our Latest Stock Analysis on Exxon Mobil

Exxon Mobil Company Profile

(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.

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

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