Sompo Asset Management Co. Ltd. Trims Position in Exxon Mobil Co. (NYSE:XOM)

Sompo Asset Management Co. Ltd. cut its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 67.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,140 shares of the oil and gas company's stock after selling 4,390 shares during the quarter. Sompo Asset Management Co. Ltd.'s holdings in Exxon Mobil were worth $230,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. West Oak Capital LLC lifted its stake in shares of Exxon Mobil by 0.6% during the 4th quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company's stock valued at $1,743,000 after buying an additional 92 shares in the last quarter. Beacon Capital Management LLC lifted its position in shares of Exxon Mobil by 1.1% during the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock worth $923,000 after acquiring an additional 93 shares in the last quarter. Cadent Capital Advisors LLC boosted its holdings in shares of Exxon Mobil by 0.3% in the fourth quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company's stock worth $4,020,000 after acquiring an additional 94 shares during the period. Lincoln Capital LLC grew its position in shares of Exxon Mobil by 1.1% in the fourth quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company's stock valued at $917,000 after purchasing an additional 94 shares in the last quarter. Finally, Altus Wealth Group LLC raised its stake in shares of Exxon Mobil by 0.9% during the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock valued at $1,090,000 after purchasing an additional 94 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 0.3 %

Shares of XOM stock traded down $0.29 during trading hours on Monday, hitting $108.28. 3,320,389 shares of the company's stock traded hands, compared to its average volume of 15,834,960. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market cap of $468.34 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 3.02 and a beta of 0.61. The stock's fifty day simple moving average is $109.75 and its two-hundred day simple moving average is $112.13. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts' consensus estimates 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 period in the previous year, the firm earned $2.48 earnings per share. On average, analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.66%. Exxon Mobil's dividend payout ratio is presently 50.51%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent analyst reports. Bernstein Bank boosted their price objective on shares of 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 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 report on Monday, April 14th. Scotiabank reduced their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Mizuho decreased their target price on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $126.50.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was 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 $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.03% of the company's stock.

About Exxon Mobil

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.