Todd Asset Management LLC Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Todd Asset Management LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 10.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 193,398 shares of the oil and gas company’s stock after selling 22,341 shares during the period. Todd Asset Management LLC’s holdings in Exxon Mobil were worth $19,336,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Linden Thomas Advisory Services LLC raised its holdings in shares of Exxon Mobil by 6.8% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 6,648 shares of the oil and gas company’s stock valued at $782,000 after buying an additional 424 shares during the period. Avion Wealth lifted its position in shares of Exxon Mobil by 0.4% during the third quarter. Avion Wealth now owns 31,396 shares of the oil and gas company’s stock worth $3,691,000 after purchasing an additional 119 shares in the last quarter. Golden State Equity Partners boosted its stake in shares of Exxon Mobil by 1.8% in the third quarter. Golden State Equity Partners now owns 18,824 shares of the oil and gas company’s stock valued at $2,213,000 after purchasing an additional 330 shares during the period. Signet Investment Advisory Group Inc. acquired a new position in shares of Exxon Mobil in the third quarter valued at approximately $207,000. Finally, Bfsg LLC increased its stake in Exxon Mobil by 1.1% during the 3rd quarter. Bfsg LLC now owns 78,254 shares of the oil and gas company’s stock worth $9,201,000 after buying an additional 867 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Mizuho reissued a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. Wells Fargo & Company boosted their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price target for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Finally, Barclays assumed coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $134.06.

Exxon Mobil Stock Performance

XOM traded down $0.24 on Friday, reaching $116.00. The company had a trading volume of 28,023,313 shares, compared to its average volume of 18,518,412. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The stock has a market capitalization of $457.39 billion, a PE ratio of 14.22, a P/E/G ratio of 4.03 and a beta of 0.96. The stock has a 50-day moving average price of $114.65 and a 200-day moving average price of $106.96.

Exxon Mobil (NYSE:XOM) last posted its earnings results 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 firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.83 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 9.61 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.28%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

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.