Invesco Ltd. Cuts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Invesco Ltd. trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,456,964 shares of the oil and gas company’s stock after selling 508,642 shares during the period. Exxon Mobil comprises about 0.4% of Invesco Ltd.’s investment portfolio, making the stock its 24th biggest position. Invesco Ltd.’s holdings in Exxon Mobil were worth $2,200,556,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Certior Financial Group LLC purchased a new position in Exxon Mobil during the fourth quarter valued at $775,000. Sierra Summit Advisors LLC grew its holdings in Exxon Mobil by 28.0% during the 4th quarter. Sierra Summit Advisors LLC now owns 6,173 shares of the oil and gas company’s stock valued at $664,000 after buying an additional 1,351 shares in the last quarter. Federated Hermes Inc. increased its stake in Exxon Mobil by 291.5% in the 4th quarter. Federated Hermes Inc. now owns 2,023,359 shares of the oil and gas company’s stock worth $217,653,000 after acquiring an additional 1,506,600 shares during the last quarter. Waterloo Capital L.P. increased its stake in Exxon Mobil by 6.2% in the 4th quarter. Waterloo Capital L.P. now owns 20,315 shares of the oil and gas company’s stock worth $2,185,000 after acquiring an additional 1,182 shares during the last quarter. Finally, Titleist Asset Management LLC boosted its position in shares of Exxon Mobil by 87.3% during the 4th quarter. Titleist Asset Management LLC now owns 65,831 shares of the oil and gas company’s stock valued at $7,081,000 after acquiring an additional 30,675 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $104.17 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average price is $111.16 and its 200-day moving average price is $113.81. The firm has a market cap of $452.01 billion, a P/E ratio of 13.29, a P/E/G ratio of 3.02 and a beta of 0.60. Exxon Mobil Co. has a 12 month low of $98.75 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the business posted $2.48 earnings per share. On average, equities research analysts expect that Exxon Mobil Co. will post 7.43 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 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

Analyst Ratings Changes

Several brokerages recently weighed in on XOM. Bernstein Bank boosted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Morgan Stanley reduced their price objective on 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, UBS Group lowered their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.80.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on 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 $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by insiders.

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.