Exxon Mobil Co. (NYSE:XOM) Shares Sold by Ruffer LLP

Ruffer LLP lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 289,532 shares of the oil and gas company’s stock after selling 15,958 shares during the period. Exxon Mobil accounts for approximately 1.1% of Ruffer LLP’s investment portfolio, making the stock its 25th biggest position. Ruffer LLP’s holdings in Exxon Mobil were worth $31,146,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth $46,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil during the 4th quarter worth $47,000. Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth $47,000. Finally, Compass Financial Services Inc purchased a new stake in Exxon Mobil in the fourth quarter valued at $48,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were 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 of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. BMO Capital Markets cut their price target 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. Scotiabank lowered their price target on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, Bernstein Bank raised their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Price Performance

NYSE XOM opened at $109.05 on Friday. The company has a 50 day moving average price of $109.05 and a two-hundred day moving average price of $113.87. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34. The stock has a market capitalization of $473.20 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 earned $2.48 earnings per share. As a group, equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

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.