Intech Investment Management LLC Decreases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Intech Investment Management LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 182,344 shares of the oil and gas company’s stock after selling 14,396 shares during the quarter. Intech Investment Management LLC’s holdings in Exxon Mobil were worth $18,231,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Partnership Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter worth approximately $46,000. Keener Financial Planning LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $80,000. Orion Capital Management LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter worth $91,000. Authentikos Wealth Advisory LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter worth $92,000. Finally, TFO Wealth Partners LLC boosted 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 worth $104,000 after buying an additional 525 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on XOM. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. UBS Group raised their target price on shares of Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. 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 on the stock. Mizuho raised their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Piper Sandler raised their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

Shares of XOM traded down $0.09 during midday trading on Friday, hitting $113.42. 12,212,949 shares of the stock traded hands, compared to its average volume of 19,893,740. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The firm has a market capitalization of $447.22 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 3.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The business’s 50 day moving average price is $117.68 and its two-hundred day moving average price is $107.88.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.83 EPS. Equities research analysts predict that Exxon Mobil Co. will post 9.57 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.