Payden & Rygel Decreases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Payden & Rygel lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 34.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,300 shares of the oil and gas company’s stock after selling 78,950 shares during the period. Payden & Rygel’s holdings in Exxon Mobil were worth $15,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in XOM. Wedbush Securities Inc. raised its stake in shares of Exxon Mobil by 5.5% during the 4th quarter. Wedbush Securities Inc. now owns 127,457 shares of the oil and gas company’s stock worth $13,711,000 after acquiring an additional 6,602 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Exxon Mobil by 6.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 5,031,675 shares of the oil and gas company’s stock worth $541,257,000 after purchasing an additional 300,067 shares in the last quarter. KCM Investment Advisors LLC lifted its holdings in shares of Exxon Mobil by 11.1% during the 4th quarter. KCM Investment Advisors LLC now owns 36,786 shares of the oil and gas company’s stock valued at $3,957,000 after purchasing an additional 3,677 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new position in Exxon Mobil during the 4th quarter worth $145,256,000. Finally, Islay Capital Management LLC increased its position in Exxon Mobil by 6.6% during the 4th quarter. Islay Capital Management LLC now owns 14,969 shares of the oil and gas company’s stock valued at $1,610,000 after buying an additional 921 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $104.17 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34. The business’s 50 day moving average is $111.16 and its two-hundred day moving average is $113.81. The company has a market capitalization 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 (NYSE:XOM) last announced its earnings results 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 net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the business posted $2.48 EPS. Analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.80%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on XOM shares. Bernstein Bank boosted their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. TD Cowen cut their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Scotiabank reduced their target price on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.80.

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.