Barrow Hanley Mewhinney & Strauss LLC Has $424.07 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Barrow Hanley Mewhinney & Strauss LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,942,236 shares of the oil and gas company’s stock after selling 80,198 shares during the period. Exxon Mobil makes up 1.5% of Barrow Hanley Mewhinney & Strauss LLC’s investment portfolio, making the stock its 26th biggest holding. Barrow Hanley Mewhinney & Strauss LLC owned about 0.09% of Exxon Mobil worth $424,066,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in XOM. Norges Bank acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $6,936,737,000. Bank of New York Mellon Corp lifted its position in Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after purchasing an additional 5,538,694 shares during the period. Pacer Advisors Inc. boosted its stake in Exxon Mobil by 1,524.1% during the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock worth $585,818,000 after buying an additional 5,110,603 shares in the last quarter. Franklin Resources Inc. increased its holdings in Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after buying an additional 4,415,012 shares during the period. Finally, Proficio Capital Partners LLC raised its stake in shares of Exxon Mobil by 13,899.5% in the 4th quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company’s stock valued at $1,963,000 after buying an additional 1,875,320 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of analyst reports. BMO Capital Markets lowered their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. TD Cowen dropped their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Mizuho decreased their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Bernstein Bank increased their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company reduced their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.05.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $117.66 on Friday. The business’s 50-day simple moving average is $110.73 and its 200 day simple moving average is $113.71. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market cap of $510.53 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the firm posted $2.48 EPS. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil 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.