Dimensional Fund Advisors LP Has $3.56 Billion Holdings in Exxon Mobil Co. (NYSE:XOM)

Dimensional Fund Advisors LP trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,094,576 shares of the oil and gas company’s stock after selling 3,012,159 shares during the period. Exxon Mobil accounts for approximately 0.9% of Dimensional Fund Advisors LP’s portfolio, making the stock its 7th largest holding. Dimensional Fund Advisors LP’s holdings in Exxon Mobil were worth $3,559,498,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $31,000. Keystone Financial Group Inc. bought a new stake in Exxon Mobil during the fourth quarter valued at $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the 4th quarter worth about $46,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth about $47,000. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

XOM has been the subject of several research reports. Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. UBS Group decreased their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. BMO Capital Markets reduced their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. Finally, Barclays lowered their target price on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $126.75.

Exxon Mobil Trading Up 2.5 %

Shares of XOM opened at $106.84 on Friday. The stock has a market capitalization of $462.12 billion, a PE ratio of 13.63, a P/E/G ratio of 3.02 and a beta of 0.61. The company’s fifty day moving average is $109.82 and its 200 day moving average is $112.81. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the company posted $2.48 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.71%. Exxon Mobil’s payout ratio is presently 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by insiders.

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.