Voya Investment Management LLC Sells 97,206 Shares of Exxon Mobil Co. (NYSE:XOM)

Voya Investment Management LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,993,228 shares of the oil and gas company's stock after selling 97,206 shares during the quarter. Voya Investment Management LLC's holdings in Exxon Mobil were worth $214,412,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in shares of Exxon Mobil by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after buying an additional 1,104,617 shares in the last quarter. Norges Bank bought a new position in Exxon Mobil in the 4th quarter valued at approximately $6,936,737,000. Bank of New York Mellon Corp boosted its position in Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after buying an additional 5,538,694 shares during the period. Franklin Resources Inc. grew its holdings in Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares during the last quarter. Finally, Capital Research Global Investors increased its position in Exxon Mobil by 3.9% in the 4th quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company's stock valued at $3,739,465,000 after acquiring an additional 1,293,111 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM stock traded down $0.65 on Monday, hitting $107.92. 4,284,754 shares of the stock were exchanged, compared to its average volume of 15,838,674. The firm's 50 day moving average is $109.75 and its two-hundred day moving average is $112.13. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The firm has a market capitalization of $466.78 billion, a PE ratio of 13.77, a P/E/G ratio of 3.02 and a beta of 0.61. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the business earned $2.48 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.67%. Exxon Mobil's payout ratio is currently 50.51%.

Analysts Set New Price Targets

A number of research firms recently weighed in on XOM. UBS Group decreased their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Scotiabank decreased their price target 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. Royal Bank of Canada reiterated a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. Mizuho dropped their price target on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, BMO Capital Markets decreased their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. 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 given a strong buy rating to the company's stock. According to MarketBeat, the company 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 value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Company 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.