Windmill Hill Asset Management Ltd lowered its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 67.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,341 shares of the oil and gas company’s stock after selling 7,000 shares during the quarter. Exxon Mobil accounts for 0.4% of Windmill Hill Asset Management Ltd’s holdings, making the stock its 17th biggest position. Windmill Hill Asset Management Ltd’s holdings in Exxon Mobil were worth $359,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the business. Vertex Planning Partners LLC lifted its holdings in Exxon Mobil by 3.1% during the 3rd quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after purchasing an additional 83 shares during the last quarter. First Heartland Consultants Inc. increased its position in Exxon Mobil by 0.9% during the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after buying an additional 87 shares during the period. Latitude Advisors LLC lifted its holdings in shares of Exxon Mobil by 0.7% during the third quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock worth $1,568,000 after buying an additional 88 shares in the last quarter. Longfellow Investment Management Co. LLC boosted its position in shares of Exxon Mobil by 0.6% in the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock valued at $1,704,000 after acquiring an additional 88 shares during the period. Finally, West Oak Capital LLC grew its stake in shares of Exxon Mobil by 0.6% in the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock valued at $1,743,000 after acquiring an additional 92 shares in the last quarter. 61.80% of the stock is owned by institutional investors.
Exxon Mobil Stock Performance
Shares of Exxon Mobil stock opened at $110.98 on Tuesday. The company’s 50 day moving average price is $109.41 and its two-hundred day moving average price is $114.97. The firm has a market capitalization of $487.75 billion, a P/E ratio of 14.15, a P/E/G ratio of 2.94 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34.
Exxon Mobil Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.
Insider Activity at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This 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 link. 0.03% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
XOM has been the subject of several analyst reports. Wells Fargo & Company dropped 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 note on Monday, February 3rd. Piper Sandler cut their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. JPMorgan Chase & Co. lowered their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Morgan Stanley upped their target price on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Finally, HSBC decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $129.25.
Read Our Latest Stock Analysis on Exxon Mobil
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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