Madison Asset Management LLC Sells 2,620 Shares of Exxon Mobil Corporation (NYSE:XOM)

Madison Asset Management LLC lessened its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,218 shares of the oil and gas company's stock after selling 2,620 shares during the period. Madison Asset Management LLC's holdings in Exxon Mobil were worth $18,817,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Modern Wealth Management LLC lifted its position in Exxon Mobil by 72.8% during the fourth quarter. Modern Wealth Management LLC now owns 111,345 shares of the oil and gas company's stock valued at $12,356,000 after acquiring an additional 46,921 shares during the last quarter. Prospect Financial Group LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth $338,000. FineMark National Bank & Trust raised its holdings in shares of Exxon Mobil by 1.5% during the fourth quarter. FineMark National Bank & Trust now owns 166,732 shares of the oil and gas company's stock worth $17,935,000 after purchasing an additional 2,521 shares during the last quarter. TIAA Trust National Association grew its position in Exxon Mobil by 1.1% during the fourth quarter. TIAA Trust National Association now owns 525,961 shares of the oil and gas company's stock valued at $56,574,000 after buying an additional 5,646 shares during the period. Finally, Teachers Insurance & Annuity Association of America grew its position in Exxon Mobil by 1,912.8% during the fourth quarter. Teachers Insurance & Annuity Association of America now owns 116,037 shares of the oil and gas company's stock valued at $12,482,000 after buying an additional 110,272 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XOM. Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. UBS Group decreased their target price 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. TD Cowen boosted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $125.42.

Exxon Mobil Price Performance

NYSE XOM traded down $0.37 on Friday, reaching $110.42. The company's stock had a trading volume of 10,547,065 shares, compared to its average volume of 14,495,533. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The stock has a market cap of $475.87 billion, a PE ratio of 14.64, a PEG ratio of 2.08 and a beta of 0.50. The firm's 50 day moving average is $108.75 and its two-hundred day moving average is $109.02.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm's quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $2.06 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Exxon Mobil 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.