Mondrian Investment Partners LTD decreased its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 988,887 shares of the oil and gas company’s stock after selling 15,230 shares during the quarter. Exxon Mobil accounts for about 2.4% of Mondrian Investment Partners LTD’s portfolio, making the stock its 18th largest position. Mondrian Investment Partners LTD’s holdings in Exxon Mobil were worth $109,074,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Cookson Peirce & Co. Inc. grew its holdings in shares of Exxon Mobil by 16.6% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock worth $1,140,000 after buying an additional 1,469 shares in the last quarter. CTC Capital Management LLC bought a new position in shares of Exxon Mobil in the 3rd quarter valued at $1,807,000. Kestra Private Wealth Services LLC grew its position in Exxon Mobil by 5.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company’s stock worth $12,963,000 after acquiring an additional 5,770 shares during the last quarter. Northstar Asset Management LLC lifted its stake in shares of Exxon Mobil by 3.0% in the 4th quarter. Northstar Asset Management LLC now owns 32,262 shares of the oil and gas company’s stock valued at $3,558,000 after purchasing an additional 925 shares during the period. Finally, TTP Investments Inc. raised its stake in Exxon Mobil by 0.9% during the 4th quarter. TTP Investments Inc. now owns 20,844 shares of the oil and gas company’s stock worth $2,299,000 after buying an additional 181 shares during the period. Institutional investors and hedge funds own 57.49% of the company’s stock.
Exxon Mobil Stock Up 1.2 %
Shares of NYSE:XOM opened at $116.83 on Friday. The company has a market capitalization of $474.25 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. The business has a fifty day moving average price of $111.06 and a two-hundred day moving average price of $110.26. Exxon Mobil Co. has a 1 year low of $80.69 and a 1 year high of $119.63.
Exxon Mobil Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were paid a $0.91 dividend. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a yield of 3.12%. Exxon Mobil’s dividend payout ratio is currently 27.45%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on XOM. B. Riley increased their price objective on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Piper Sandler reduced their price objective on Exxon Mobil from $135.00 to $134.00 and set an “overweight” rating on the stock in a research note on Thursday, April 20th. Cowen raised their price objective on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a report on Thursday, February 2nd. Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, March 3rd. Finally, HSBC upped their target price on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research report on Thursday, April 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $124.61.
Insider Activity
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the sale, the vice president now owns 31,772 shares in the company, valued at approximately $3,669,666. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.04% of the company’s stock.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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