AQR Capital Management LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 26.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,901,954 shares of the oil and gas company's stock after selling 667,759 shares during the period. AQR Capital Management LLC's holdings in Exxon Mobil were worth $203,319,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the stock. Fairway Wealth LLC bought a new position in Exxon Mobil in the 4th quarter valued at $31,000. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil in the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the 4th quarter worth about $46,000. Compass Planning Associates Inc bought a new stake in Exxon Mobil during the 4th quarter worth about $47,000. Finally, Synergy Investment Management LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $47,000. 61.80% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction 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 sale, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.
Exxon Mobil Stock Up 0.4 %
Shares of XOM traded up $0.42 during midday trading on Friday, hitting $106.20. The stock had a trading volume of 16,574,674 shares, compared to its average volume of 16,885,928. 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 firm has a market cap of $459.35 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The company has a 50 day simple moving average of $109.44 and a two-hundred day simple moving average of $111.83. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business's revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.06 EPS. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.73%. Exxon Mobil's dividend payout ratio is 50.51%.
Wall Street Analyst Weigh In
Several analysts have recently commented on XOM shares. UBS Group decreased their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Scotiabank lowered their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Morgan Stanley dropped their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. The Goldman Sachs Group lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, Bernstein Bank upped their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $126.50.
Read Our Latest Research Report on XOM
About Exxon Mobil
(
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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