Royal London Asset Management Ltd. Boosts Stake in Exxon Mobil Co. (NYSE:XOM)

Royal London Asset Management Ltd. boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.4% in the 4th quarter, HoldingsChannel reports. The fund owned 1,756,235 shares of the oil and gas company’s stock after acquiring an additional 40,630 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Exxon Mobil were worth $175,588,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XOM. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $46,000. Keener Financial Planning LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $80,000. Neo Ivy Capital Management purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $80,000. Orion Capital Management LLC acquired a new stake in shares of Exxon Mobil in the 3rd quarter worth approximately $91,000. Finally, Life Planning Partners Inc purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $116,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on XOM shares. UBS Group boosted their target price on Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. TD Cowen raised their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Barclays started coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. Wells Fargo & Company increased their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Finally, Morgan Stanley restated an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.71.

Exxon Mobil Trading Down 0.8 %

XOM traded down $0.93 during midday trading on Friday, hitting $109.11. The company’s stock had a trading volume of 13,313,430 shares, compared to its average volume of 14,746,104. The firm has a market cap of $430.22 billion, a P/E ratio of 13.37, a PEG ratio of 3.89 and a beta of 0.92. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. 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 firm has a 50-day moving average price of $116.83 and a two-hundred day moving average price of $108.83.

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

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

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.