Russell Investments Group Ltd. Has $179.49 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Russell Investments Group Ltd. decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 11.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,795,186 shares of the oil and gas company’s stock after selling 228,983 shares during the period. Russell Investments Group Ltd.’s holdings in Exxon Mobil were worth $179,493,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of XOM. Keener Financial Planning LLC acquired a new stake in Exxon Mobil in the 4th quarter worth about $80,000. Orion Capital Management LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at approximately $91,000. Authentikos Wealth Advisory LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at approximately $92,000. TFO Wealth Partners LLC raised its position in shares of Exxon Mobil by 118.5% in the 3rd quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 525 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. raised its position in shares of Exxon Mobil by 851.6% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 792 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 2.8 %

Shares of NYSE:XOM traded down $3.37 during trading on Friday, reaching $117.96. The stock had a trading volume of 27,289,468 shares, compared to its average volume of 16,002,832. The firm’s fifty day moving average is $113.33 and its 200 day moving average is $106.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The stock has a market cap of $466.92 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 4.05 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the prior year, the company posted $2.83 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, equities analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on XOM. Barclays began coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price for the company. Truist Financial boosted their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. TD Cowen upped their price objective on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Mizuho reiterated a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

About Exxon Mobil

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.