Ninety One UK Ltd Sells 528,892 Shares of Exxon Mobil Co. (NYSE:XOM)

Ninety One UK Ltd trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 12.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,736,704 shares of the oil and gas company’s stock after selling 528,892 shares during the quarter. Exxon Mobil makes up approximately 1.1% of Ninety One UK Ltd’s holdings, making the stock its 27th biggest position. Ninety One UK Ltd’s holdings in Exxon Mobil were worth $373,596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC raised its holdings in Exxon Mobil by 10.7% during the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock valued at $205,000 after buying an additional 199 shares during the period. Assenagon Asset Management S.A. raised its holdings in Exxon Mobil by 83.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock valued at $149,213,000 after buying an additional 575,649 shares during the period. Qsemble Capital Management LP raised its holdings in Exxon Mobil by 34.3% during the 3rd quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock valued at $553,000 after buying an additional 1,200 shares during the period. RNC Capital Management LLC raised its holdings in Exxon Mobil by 5.5% during the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after buying an additional 4,585 shares during the period. Finally, Meyer Handelman Co. raised its holdings in Exxon Mobil by 5.9% during the 3rd quarter. Meyer Handelman Co. now owns 390,975 shares of the oil and gas company’s stock valued at $45,971,000 after buying an additional 21,895 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

XOM opened at $119.90 on Friday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is $111.55 and its 200-day simple moving average is $106.33. The company has a market capitalization of $474.60 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 4.07 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same quarter in the prior year, the company earned $3.40 EPS. The business’s revenue was down 11.6% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is currently 42.74%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on XOM. Scotiabank increased their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. UBS Group increased their price target on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. TD Cowen increased their target price on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Truist Financial increased their target price on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $132.28.

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.