Capital World Investors Sells 2,547,922 Shares of Exxon Mobil Corporation $XOM

Capital World Investors trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 34.8% during the third quarter, Holdings Channel.com reports. The fund owned 4,776,445 shares of the oil and gas company’s stock after selling 2,547,922 shares during the quarter. Capital World Investors’ holdings in Exxon Mobil were worth $538,661,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in XOM. Maryland State Retirement & Pension System grew its stake in Exxon Mobil by 2.6% in the third quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock worth $24,342,000 after purchasing an additional 5,573 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Exxon Mobil by 3.3% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock valued at $34,576,000 after buying an additional 9,831 shares in the last quarter. Capital Counsel LLC NY grew its position in shares of Exxon Mobil by 0.9% in the 2nd quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock worth $5,356,000 after buying an additional 460 shares during the period. HORAN Wealth LLC grew its position in shares of Exxon Mobil by 78.3% in the 3rd quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock worth $1,486,000 after buying an additional 5,788 shares during the period. Finally, New Age Alpha Advisors LLC increased its stake in shares of Exxon Mobil by 5.6% in the 3rd quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock worth $18,778,000 after acquiring an additional 8,853 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 1.6%

XOM opened at $148.08 on Wednesday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $159.60. The stock has a market cap of $617.01 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 1.23 and a beta of 0.35. The stock’s 50 day moving average price is $140.03 and its 200-day moving average price is $123.88. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15.

Exxon Mobil (NYSE:XOMGet Free Report) 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 analysts’ consensus estimates of $1.63 by $0.08. The firm had revenue of $80.04 billion during the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.Exxon Mobil’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.67 earnings per share. On average, equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,150 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $157.82, for a total value of $339,313.00. Following the sale, the vice president owned 18,204 shares in the company, valued at $2,872,955.28. This represents a 10.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 16,380 shares of company stock worth $2,227,734 in the last three months. Insiders own 0.03% of the company’s stock.

Key Headlines Impacting Exxon Mobil

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on XOM shares. Wells Fargo & Company dropped their price objective on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, February 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Barclays increased their target price on Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Zacks Research upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Loop Capital set a $123.00 price objective on Exxon Mobil in a research note on Tuesday, February 3rd. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $143.41.

Get Our Latest Stock Analysis on XOM

About Exxon Mobil

(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.

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

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