China Universal Asset Management Co. Ltd. Has $1.24 Million Stock Holdings in Exxon Mobil Corporation $XOM

China Universal Asset Management Co. Ltd. trimmed its position in Exxon Mobil Corporation (NYSE:XOMFree Report) by 25.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,994 shares of the oil and gas company’s stock after selling 3,768 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Exxon Mobil were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Exxon Mobil by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock valued at $46,468,147,000 after purchasing an additional 1,111,231 shares during the last quarter. Geode Capital Management LLC grew its position in Exxon Mobil by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock worth $10,345,132,000 after purchasing an additional 342,967 shares during the last quarter. Norges Bank bought a new position in shares of Exxon Mobil during the 2nd quarter worth about $6,163,719,000. Bank of New York Mellon Corp raised its position in shares of Exxon Mobil by 2.8% during the second quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock valued at $5,023,298,000 after buying an additional 1,274,860 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Exxon Mobil by 3.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock valued at $3,611,553,000 after buying an additional 1,126,912 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on XOM shares. Morgan Stanley lowered their price objective on Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Sanford C. Bernstein decreased their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Citigroup raised their price objective on shares of Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. Finally, Zacks Research upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Hold” and an average target price of $140.59.

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Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,230 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $149.18, for a total transaction of $481,851.40. Following the completion of the sale, the vice president owned 20,354 shares in the company, valued at $3,036,409.72. The trade was a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 14,230 shares of company stock valued at $1,888,421. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Down 2.6%

Shares of NYSE XOM opened at $147.12 on Friday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $156.93. The firm’s 50-day simple moving average is $132.29 and its 200 day simple moving average is $120.05. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The company has a market cap of $613.00 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 15.66 and a beta of 0.39.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. During the same period in the previous year, the firm posted $1.67 earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Corporation 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 Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

Key Headlines Impacting Exxon Mobil

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Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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