Exxon Mobil Co. (NYSE:XOM) Stock Position Lowered by Zacks Investment Management

Zacks Investment Management cut its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,412,638 shares of the oil and gas company's stock after selling 21,339 shares during the period. Exxon Mobil accounts for about 1.4% of Zacks Investment Management's holdings, making the stock its 11th biggest position. Zacks Investment Management's holdings in Exxon Mobil were worth $151,957,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in XOM. Fairway Wealth LLC purchased a new position in Exxon Mobil during the fourth quarter worth approximately $31,000. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the 4th quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil in the fourth quarter valued at $47,000. Finally, Synergy Investment Management LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at about $47,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Scotiabank reduced their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. HSBC reduced their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Wells Fargo & Company reduced their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Finally, BMO Capital Markets cut their price objective on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $126.75.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded up $2.65 on Friday, hitting $106.84. The company had a trading volume of 17,830,092 shares, compared to its average volume of 15,965,746. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a market cap of $462.12 billion, a PE ratio of 13.63, a PEG ratio of 3.02 and a beta of 0.61. The business has a 50-day simple moving average of $109.82 and a 200-day simple moving average of $112.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data 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 prior year, the company posted $2.48 earnings per share. Research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed 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 3.71%. Exxon Mobil's dividend payout ratio is currently 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.