Shell Asset Management Co. Sells 21,048 Shares of Exxon Mobil Co. (NYSE:XOM)

Shell Asset Management Co. cut its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 26.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,021 shares of the oil and gas company's stock after selling 21,048 shares during the quarter. Shell Asset Management Co.'s holdings in Exxon Mobil were worth $6,349,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in XOM. Quantinno Capital Management LP raised its holdings in Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after purchasing an additional 110,772 shares during the period. Accredited Wealth Management LLC bought a new position in Exxon Mobil in the 4th quarter worth $55,000. Rockline Wealth Management LLC raised its holdings in Exxon Mobil by 6.1% in the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock worth $2,788,000 after purchasing an additional 1,498 shares during the period. Renasant Bank raised its holdings in Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after purchasing an additional 493 shares during the period. Finally, Paradigm Capital Management LLC NV raised its holdings in Exxon Mobil by 1.6% in the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock worth $1,532,000 after purchasing an additional 227 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.0%

Shares of NYSE:XOM opened at $108.44 on Friday. 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 Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a 50-day moving average price of $109.00 and a 200 day moving average price of $110.91. The company has a market cap of $467.34 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter last year, the firm earned $2.06 EPS. The firm's revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.65%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on XOM shares. HSBC decreased their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Royal Bank of Canada decreased their target price on Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating on the stock in a report on Monday, May 5th. Piper Sandler cut their price target on Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday. UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Morgan Stanley cut their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus target price of $125.50.

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.

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