Mondrian Investment Partners LTD Lowers Position in Exxon Mobil Co. (NYSE:XOM)

Mondrian Investment Partners LTD lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 734,358 shares of the oil and gas company’s stock after selling 13,472 shares during the period. Mondrian Investment Partners LTD’s holdings in Exxon Mobil were worth $78,451,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in XOM. Fairway Wealth LLC bought a new position in Exxon Mobil in the fourth quarter valued at $31,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the fourth quarter valued at $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the fourth quarter valued at $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil in the fourth quarter valued at $47,000. Finally, Synergy Investment Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at $47,000. Institutional investors own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on XOM shares. Morgan Stanley increased their target price on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Argus raised Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Bernstein Bank raised their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. UBS Group reduced their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Finally, HSBC reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Stock Performance

Shares of XOM opened at $108.58 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34. The company has a 50-day simple moving average of $109.26 and a two-hundred day simple moving average of $113.73. The firm has a market capitalization of $471.14 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 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 quarter in the previous year, the business earned $2.48 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. Exxon Mobil’s payout ratio is 50.51%.

Exxon Mobil 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.