ExxonMobil Corporation $XOM Stake Reduced by Mondrian Investment Partners LTD

Key Points

• Mondrian Investment Partners LTD cut its ExxonMobil stake by 2.9% in the fourth quarter, selling 19,774 shares and leaving it with 661,215 shares worth about $79.6 million.
• ExxonMobil reported better-than-expected quarterly earnings of $1.16 per share on revenue of $83.16 billion, and it also announced a quarterly dividend of $1.03 per share, implying a 2.7% yield.
• Wall Street remains generally constructive on XOM, with analysts assigning a Moderate Buy consensus and a target price of $163.95, while recent news highlights include possible Cyprus gas development, Venezuela talks, and supportive crude prices.

Mondrian Investment Partners LTD reduced its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 661,215 shares of the oil and gas company's stock after selling 19,774 shares during the quarter. Mondrian Investment Partners LTD's holdings in ExxonMobil were worth $79,571,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Berbice Capital Management LLC bought a new position in ExxonMobil during the 4th quarter worth $26,000. Midwest Capital Advisors LLC bought a new position in ExxonMobil during the 4th quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. grew its stake in ExxonMobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock worth $27,000 after buying an additional 187 shares during the last quarter. Key Capital Management INC bought a new position in ExxonMobil during the 4th quarter worth $28,000. Finally, Westfuller Advisors LLC bought a new position in ExxonMobil during the 3rd quarter worth $30,000. 61.80% of the stock is currently owned by institutional investors.

ExxonMobil Trading Down 0.3%

Shares of XOM stock opened at $154.82 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. ExxonMobil Corporation has a 1 year low of $101.18 and a 1 year high of $176.41. The stock has a fifty day moving average of $155.79 and a two-hundred day moving average of $138.95. The firm has a market capitalization of $641.71 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 0.68 and a beta of 0.19.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. During the same quarter in the previous year, the firm posted $1.76 EPS. The firm's quarterly revenue was up 2.4% on a year-over-year basis. As a group, research analysts expect that ExxonMobil Corporation will post 11.49 EPS for the current year.

ExxonMobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be issued a $1.03 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. ExxonMobil's dividend payout ratio is 69.48%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent research reports. Barclays upped their price objective on ExxonMobil from $145.00 to $163.00 and gave the stock an "overweight" rating in a research note on Monday, March 16th. Jefferies Financial Group boosted their price target on ExxonMobil from $178.00 to $184.00 and gave the stock a "buy" rating in a research report on Thursday, April 9th. Wells Fargo & Company boosted their price target on ExxonMobil from $183.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, April 9th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $180.00 price target on shares of ExxonMobil in a research report on Tuesday, May 5th. Finally, UBS Group boosted their price target on ExxonMobil from $171.00 to $174.00 and gave the stock a "buy" rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $163.95.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil and QatarEnergy signed a preliminary deal with Egypt to study development of Cyprus gas discoveries, opening a possible path to export gas through Egypt’s LNG infrastructure to Europe. Reuters: QatarEnergy, ExxonMobil sign deal with Egypt to study Cyprus gas development
• Positive Sentiment: Reports that ExxonMobil may be in talks to regain rights to produce oil in Venezuela suggest a potential long-term growth opportunity if the company can re-enter a major resource base. Reuters: Exxon may acquire rights to produce oil in Venezuela
• Positive Sentiment: Rising crude prices are also supportive, with WTI above $95 per barrel boosting Permian oil and associated gas activity, which could improve ExxonMobil’s upstream revenue and cash flow. Zacks: More Gas Per Barrel of Oil: A Growth Lever for Permian Operators
• Neutral Sentiment: Additional coverage highlighted ExxonMobil’s low-debt balance sheet and ongoing ability to fund dividends and projects, reinforcing the company’s financial resilience. Zacks: ExxonMobil's Resilience: What Sets it Apart in Uncertain Times
• Neutral Sentiment: Technical commentary said XOM is pulling back after a breakout and testing support levels, which traders may be watching for confirmation of the broader uptrend. FXEmpire: ExxonMobil (XOM) Price Forecast
• Negative Sentiment: Governance-related headlines, including Exxon’s clash with proxy advisers ISS and Glass Lewis, may keep some pressure on the stock by adding uncertainty around the Texas move and shareholder voting dynamics. WSJ: Exxon Blasts Proxy Advisers for Conflict of Interest in Fight Over Texas Move

Insider Buying and Selling at ExxonMobil

In other news, VP Darrin L. Talley sold 1,080 shares of the company's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $155.50, for a total value of $167,940.00. Following the completion of the sale, the vice president owned 17,124 shares in the company, valued at $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by company insiders.

About ExxonMobil

ExxonMobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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