SageView Advisory Group LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

SageView Advisory Group LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 45.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,435 shares of the oil and gas company’s stock after purchasing an additional 11,392 shares during the period. SageView Advisory Group LLC’s holdings in Exxon Mobil were worth $3,820,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fisher Asset Management LLC lifted its holdings in Exxon Mobil by 565.3% during the fourth quarter. Fisher Asset Management LLC now owns 13,180,807 shares of the oil and gas company’s stock valued at $1,317,817,000 after purchasing an additional 11,199,696 shares in the last quarter. True Vision MN LLC purchased a new position in Exxon Mobil during the fourth quarter valued at $570,000. Greenwood Capital Associates LLC lifted its holdings in Exxon Mobil by 23.6% during the fourth quarter. Greenwood Capital Associates LLC now owns 5,423 shares of the oil and gas company’s stock valued at $542,000 after purchasing an additional 1,035 shares in the last quarter. Slagle Financial LLC lifted its stake in shares of Exxon Mobil by 123.1% in the fourth quarter. Slagle Financial LLC now owns 102,522 shares of the oil and gas company’s stock worth $10,250,000 after buying an additional 56,578 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Exxon Mobil by 75.7% in the fourth quarter. Wellington Management Group LLP now owns 5,483,900 shares of the oil and gas company’s stock worth $548,280,000 after buying an additional 2,363,395 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 0.8 %

Shares of XOM traded down $0.93 during trading on Friday, reaching $109.11. 13,313,430 shares of the company traded hands, compared to its average volume of 14,746,104. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The stock has a market cap of $430.22 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 3.89 and a beta of 0.92. The stock has a 50-day simple moving average of $116.83 and a 200-day simple moving average of $108.88. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the prior year, the business earned $2.83 earnings per share. Exxon Mobil’s revenue was down 4.0% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Co. will post 9.36 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on XOM shares. TD Cowen raised their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. Scotiabank raised their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. UBS Group raised their price target on shares of Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Finally, Barclays started coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $133.71.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

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.