Montag A & Associates Inc. Sells 3,191 Shares of Exxon Mobil Co. (NYSE:XOM)

Montag A & Associates Inc. trimmed its stake in Exxon Mobil Co. (NYSE:XOMFree Report) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,605 shares of the oil and gas company’s stock after selling 3,191 shares during the quarter. Montag A & Associates Inc.’s holdings in Exxon Mobil were worth $11,947,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Moneta Group Investment Advisors LLC boosted its position in Exxon Mobil by 140,855.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after buying an additional 123,254,064 shares during the period. Geode Capital Management LLC increased its position in Exxon Mobil by 0.3% in the second quarter. Geode Capital Management LLC now owns 74,126,090 shares of the oil and gas company’s stock worth $7,930,414,000 after purchasing an additional 254,968 shares during the last quarter. Morgan Stanley increased its position in Exxon Mobil by 11.9% during the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after acquiring an additional 5,566,797 shares during the last quarter. Norges Bank purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at about $5,226,390,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Exxon Mobil by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 32,615,361 shares of the oil and gas company’s stock valued at $3,497,972,000 after acquiring an additional 2,493,492 shares in the last quarter. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, Director Jeffrey W. Ubben sold 2,077,000 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $104.06, for a total transaction of $216,132,620.00. Following the completion of the transaction, the director now directly owns 13,000 shares of the company’s stock, valued at $1,352,780. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Jeffrey W. Ubben sold 2,077,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $104.06, for a total transaction of $216,132,620.00. Following the completion of the sale, the director now owns 13,000 shares of the company’s stock, valued at approximately $1,352,780. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Leonard M. Fox sold 12,000 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $102.65, for a total transaction of $1,231,800.00. Following the completion of the sale, the vice president now directly owns 220,678 shares in the company, valued at $22,652,596.70. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XOM. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. UBS Group decreased their price target on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. TD Cowen upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research report on Tuesday, January 23rd. Mizuho downgraded Exxon Mobil from a “buy” rating to a “neutral” rating and set a $117.00 price objective on the stock. in a research note on Wednesday, January 3rd. Finally, Sanford C. Bernstein started coverage on Exxon Mobil in a research note on Tuesday, October 17th. They set an “outperform” rating and a $140.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $127.53.

Get Our Latest Analysis on XOM

Exxon Mobil Stock Performance

Shares of XOM traded up $1.49 during trading hours on Monday, reaching $103.26. 10,599,584 shares of the company’s stock traded hands, compared to its average volume of 18,928,602. The business’s fifty day simple moving average is $100.75 and its two-hundred day simple moving average is $106.36. The firm has a market capitalization of $409.21 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 3.61 and a beta of 0.97. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $120.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.28. The business had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm’s revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.40 EPS. Analysts predict that Exxon Mobil Co. will post 9.39 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th will be paid a dividend of $0.95 per share. The ex-dividend date is Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.68%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Exxon Mobil Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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