Exxon Mobil Corporation $XOM Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,125,550 shares of the oil and gas company’s stock after selling 2,103,059 shares during the period. Exxon Mobil makes up 0.7% of Dimensional Fund Advisors LP’s portfolio, making the stock its 11th biggest position. Dimensional Fund Advisors LP’s holdings in Exxon Mobil were worth $3,397,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Ipsen Advisor Group LLC raised its holdings in Exxon Mobil by 1.6% during the third quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company’s stock worth $637,000 after purchasing an additional 88 shares in the last quarter. Nexus Investment Management ULC increased its position in shares of Exxon Mobil by 1.6% during the 3rd quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock valued at $653,000 after purchasing an additional 89 shares during the period. Sagace Wealth Management LLC raised its stake in shares of Exxon Mobil by 2.7% in the 3rd quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock worth $388,000 after buying an additional 90 shares in the last quarter. Creative Capital Management Investments LLC raised its stake in shares of Exxon Mobil by 2.5% in the 3rd quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock worth $417,000 after buying an additional 91 shares in the last quarter. Finally, Capstone Wealth Management LLC lifted its holdings in shares of Exxon Mobil by 3.8% in the third quarter. Capstone Wealth Management LLC now owns 2,527 shares of the oil and gas company’s stock valued at $285,000 after buying an additional 92 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on XOM shares. Wells Fargo & Company lowered their target price on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. Morgan Stanley lowered their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Zacks Research upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Citigroup raised their target price on shares of Exxon Mobil from $118.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday. Finally, BNP Paribas Exane cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price target on the stock. in a report on Tuesday, February 3rd. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $143.41.

Read Our Latest Stock Analysis on Exxon Mobil

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,150 shares of Exxon Mobil stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $157.82, for a total transaction of $339,313.00. Following the transaction, the vice president owned 18,204 shares in the company, valued at approximately $2,872,955.28. The trade was a 10.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 16,380 shares of company stock valued at $2,227,734 over the last ninety days. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $151.65 on Wednesday. The company has a 50-day moving average of $137.00 and a two-hundred day moving average of $122.42. The stock has a market cap of $631.89 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 16.00 and a beta of 0.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $159.60.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. The firm’s revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a $1.03 dividend. The ex-dividend date is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. Exxon Mobil’s dividend payout ratio is presently 61.58%.

Exxon Mobil News Summary

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Profile

(Free Report)

Exxon Mobil 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.

See Also

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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