Exxon Mobil Co. (NYSE:XOM) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 71.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,782 shares of the oil and gas company’s stock after selling 9,376 shares during the period. Headlands Technologies LLC’s holdings in Exxon Mobil were worth $445,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of XOM. KB Financial Partners LLC acquired a new position in Exxon Mobil in the first quarter worth about $27,000. IMA Wealth Inc. grew its position in shares of Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 324 shares during the period. FWL Investment Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $43,000. Turim 21 Investimentos Ltda. boosted its holdings in Exxon Mobil by 222.5% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at approximately $49,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Exxon Mobil

In related news, Director Jeffrey W. Ubben sold 2,077,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $104.06, for a total value of $216,132,620.00. Following the sale, the director now owns 13,000 shares in the company, valued at $1,352,780. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Jeffrey W. Ubben sold 2,077,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $104.06, for a total transaction of $216,132,620.00. Following the completion of the transaction, the director now directly owns 13,000 shares of the company’s stock, valued at approximately $1,352,780. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Leonard M. Fox sold 12,000 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $102.65, for a total value of $1,231,800.00. Following the completion of the transaction, the vice president now directly owns 220,678 shares of the company’s stock, valued at $22,652,596.70. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Mizuho downgraded shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $117.00 target price on the stock. in a research note on Wednesday, January 3rd. UBS Group decreased their target price on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Sanford C. Bernstein initiated coverage on shares of Exxon Mobil in a report on Tuesday, October 17th. They issued an “outperform” rating and a $140.00 price target on the stock. Finally, TD Cowen upgraded shares of Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a research note on Tuesday, January 23rd. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $127.53.

Get Our Latest Report on XOM

Exxon Mobil Trading Down 2.1 %

XOM stock opened at $101.77 on Friday. The firm has a fifty day moving average price of $100.75 and a 200 day moving average price of $106.35. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $120.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The firm has a market cap of $403.31 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 3.69 and a beta of 0.97.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same period last year, the firm posted $3.40 earnings per share. Exxon Mobil’s revenue for the quarter was down 11.6% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Co. will post 9.39 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 Monday, March 11th. Shareholders of record on Wednesday, February 14th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.73%. Exxon Mobil’s dividend payout ratio is presently 42.74%.

About Exxon Mobil

(Free Report)

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

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