Exxon Mobil Co. (NYSE:XOM) Shares Sold by Van Den Berg Management I Inc.

Van Den Berg Management I Inc. lowered its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% during the fourth quarter, HoldingsChannel reports. The firm owned 167,419 shares of the oil and gas company’s stock after selling 2,000 shares during the quarter. Exxon Mobil comprises 5.2% of Van Den Berg Management I Inc.’s holdings, making the stock its 2nd largest holding. Van Den Berg Management I Inc.’s holdings in Exxon Mobil were worth $18,009,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Guardian Wealth Management Inc. boosted its position in Exxon Mobil by 10.9% during the 4th quarter. Guardian Wealth Management Inc. now owns 1,086 shares of the oil and gas company’s stock worth $117,000 after acquiring an additional 107 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Exxon Mobil by 1.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 247,780 shares of the oil and gas company’s stock valued at $26,654,000 after acquiring an additional 3,998 shares during the period. Burling Wealth Partners LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth approximately $1,649,000. Syon Capital LLC raised its holdings in Exxon Mobil by 2.6% in the 4th quarter. Syon Capital LLC now owns 80,884 shares of the oil and gas company’s stock valued at $8,701,000 after acquiring an additional 2,063 shares in the last quarter. Finally, MGO One Seven LLC lifted its position in Exxon Mobil by 19.6% during the fourth quarter. MGO One Seven LLC now owns 107,529 shares of the oil and gas company’s stock worth $11,567,000 after purchasing an additional 17,610 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The stock was 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 of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by company insiders.

Exxon Mobil Price Performance

XOM stock opened at $107.40 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The business has a 50-day simple moving average of $109.77 and a two-hundred day simple moving average of $112.48. The company has a market capitalization of $464.51 billion, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the company earned $2.48 EPS. Research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.69%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent analyst reports. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Bernstein Bank increased their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Wells Fargo & Company lowered their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Morgan Stanley decreased their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Finally, Scotiabank cut their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.50.

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.