Exxon Mobil Co. (NYSE:XOM) Stock Holdings Decreased by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. cut its holdings in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 11.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,166 shares of the oil and gas company’s stock after selling 20,504 shares during the period. Tocqueville Asset Management L.P.’s holdings in Exxon Mobil were worth $19,420,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. KB Financial Partners LLC acquired a new stake in Exxon Mobil during the first quarter valued at approximately $27,000. IMA Wealth Inc. lifted its stake in Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 324 shares during the last quarter. FWL Investment Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $43,000. Turim 21 Investimentos Ltda. raised its holdings in shares of Exxon Mobil by 222.5% during the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in shares of Exxon Mobil during the third quarter valued at approximately $49,000. 58.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, Director Jeffrey W. Ubben sold 2,077,000 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $104.06, for a total value of $216,132,620.00. Following the completion of the sale, 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 legal filing with the SEC, which is available through the SEC website. In other news, Director Jeffrey W. Ubben sold 2,077,000 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $104.06, for a total value of $216,132,620.00. Following the completion of the transaction, the director now owns 13,000 shares in the company, 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 transaction of $1,231,800.00. Following the completion of the transaction, the vice president now owns 220,678 shares of the company’s stock, valued at approximately $22,652,596.70. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on XOM. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price target for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. JPMorgan Chase & Co. dropped their price objective on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a research note on Friday, December 8th. UBS Group dropped their price objective 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. Finally, Sanford C. Bernstein began coverage on shares of Exxon Mobil in a research note on Tuesday, October 17th. They issued an “outperform” rating and a $140.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.53.

Read Our Latest Analysis on XOM

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $1.21 during trading hours on Monday, hitting $102.98. 5,922,932 shares of the stock were exchanged, compared to its average volume of 18,756,660. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The company’s 50 day moving average is $100.75 and its 200 day moving average is $106.36. The firm has a market capitalization of $408.10 billion, a P/E ratio of 11.45, a P/E/G ratio of 3.61 and a beta of 0.97. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $120.70.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. During the same period in the prior year, the firm earned $3.40 EPS. Exxon Mobil’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Co. will post 9.39 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared 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. This represents a $3.80 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Exxon Mobil Profile

(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.

See Also

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

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