Hanlon Investment Management Inc. Lowers Stock Position in Exxon Mobil Co. (NYSE:XOM)

Hanlon Investment Management Inc. cut its stake in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 35.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,403 shares of the oil and gas company’s stock after selling 2,391 shares during the period. Hanlon Investment Management Inc.’s holdings in Exxon Mobil were worth $440,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Norges Bank purchased a new stake in Exxon Mobil during the 4th quarter worth $5,519,753,000. Fisher Asset Management LLC boosted its position in Exxon Mobil by 566.2% during the 4th quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock worth $1,319,507,000 after purchasing an additional 11,216,602 shares during the period. International Assets Investment Management LLC boosted its position in Exxon Mobil by 10,221.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock worth $491,678,000 after purchasing an additional 4,870,115 shares during the period. FMR LLC lifted its holdings in Exxon Mobil by 3.0% in the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock worth $17,072,534,000 after buying an additional 4,162,149 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in Exxon Mobil in the 3rd quarter worth $295,515,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Price Performance

XOM stock traded down $0.82 on Tuesday, hitting $117.85. 14,430,094 shares of the company’s stock traded hands, compared to its average volume of 18,490,451. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock has a market cap of $464.68 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 4.17 and a beta of 0.96. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The stock has a fifty day moving average of $117.28 and a 200-day moving average of $107.64.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter in the previous year, the company earned $2.83 EPS. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Co. will post 9.57 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. Exxon Mobil’s payout ratio is 46.57%.

Analyst Ratings Changes

A number of equities analysts have commented on XOM shares. Barclays started coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective on the stock. TD Cowen boosted their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Scotiabank upped their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Morgan Stanley restated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

Read Our Latest Report on Exxon Mobil

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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