LSV Asset Management Lowers Stake in Exxon Mobil Corporation $XOM

LSV Asset Management trimmed its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,139,259 shares of the oil and gas company’s stock after selling 103,193 shares during the quarter. LSV Asset Management owned about 0.05% of Exxon Mobil worth $241,201,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Exxon Mobil by 0.3% in the second quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock valued at $46,468,147,000 after acquiring an additional 1,111,231 shares during the period. Geode Capital Management LLC increased its holdings in shares of Exxon Mobil by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock valued at $10,345,132,000 after purchasing an additional 342,967 shares in the last quarter. Norges Bank purchased a new position in shares of Exxon Mobil in the 2nd quarter valued at about $6,163,719,000. Bank of New York Mellon Corp lifted its stake in shares of Exxon Mobil by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock valued at $5,023,298,000 after purchasing an additional 1,274,860 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Exxon Mobil by 3.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock worth $3,611,553,000 after buying an additional 1,126,912 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Zacks Research raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. BNP Paribas Exane cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price objective for the company. in a report on Tuesday, February 3rd. BMO Capital Markets reissued a “market perform” rating and issued a $155.00 target price on shares of Exxon Mobil in a report on Wednesday, February 4th. Loop Capital set a $123.00 price target on Exxon Mobil in a research report on Tuesday, February 3rd. Finally, Barclays boosted their price objective on shares of Exxon Mobil from $140.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $140.59.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of Exxon Mobil stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the sale, the vice president owned 23,584 shares of the company’s stock, valued at $3,295,864. This trade represents a 17.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold 14,230 shares of company stock worth $1,888,421 over the last quarter. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

Shares of XOM stock opened at $155.67 on Thursday. The firm has a fifty day simple moving average of $127.96 and a 200-day simple moving average of $118.25. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $156.93. The company has a market capitalization of $656.49 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 15.77 and a beta of 0.39. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company had revenue of $82.31 billion during the quarter, compared to the consensus estimate of $77.98 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s payout ratio is 61.58%.

Exxon Mobil Company Profile

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.