Russell Investments Group Ltd. Has $307.69 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Russell Investments Group Ltd. lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,860,974 shares of the oil and gas company’s stock after selling 280,056 shares during the period. Exxon Mobil accounts for 0.4% of Russell Investments Group Ltd.’s holdings, making the stock its 28th biggest holding. Russell Investments Group Ltd. owned about 0.07% of Exxon Mobil worth $307,687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of XOM. Rockline Wealth Management LLC grew its stake in Exxon Mobil by 6.1% during the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after purchasing an additional 1,498 shares during the period. Renasant Bank grew its position in shares of Exxon Mobil by 5.0% during the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock worth $1,115,000 after buying an additional 493 shares during the period. Helen Stephens Group LLC increased its stake in shares of Exxon Mobil by 7.3% in the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after acquiring an additional 2,825 shares in the last quarter. Hartford Funds Management Co LLC acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $543,000. Finally, Coldstream Capital Management Inc. lifted its position in shares of Exxon Mobil by 13.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 135,660 shares of the oil and gas company’s stock valued at $15,936,000 after acquiring an additional 16,392 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $104.17 on Friday. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market cap of $452.01 billion, a PE ratio of 13.29, a P/E/G ratio of 3.02 and a beta of 0.60. The firm has a 50 day simple moving average of $111.16 and a two-hundred day simple moving average of $113.81.

Exxon Mobil (NYSE:XOM) last issued 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 period in the prior year, the business posted $2.48 EPS. On average, analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.80%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on XOM shares. Scotiabank dropped their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. BMO Capital Markets lowered their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. TD Cowen lowered their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Mizuho reduced their price objective on shares of Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.80.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is owned by corporate insiders.

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.