Aberdeen Group plc Sells 161,025 Shares of Exxon Mobil Corporation $XOM

Aberdeen Group plc reduced its position in Exxon Mobil Corporation (NYSE:XOM) by 8.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,795,385 shares of the oil and gas company’s stock after selling 161,025 shares during the quarter. Aberdeen Group plc’s holdings in Exxon Mobil were worth $202,663,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XOM. Ipsen Advisor Group LLC increased its holdings in shares of Exxon Mobil by 1.6% during the third quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company’s stock valued at $637,000 after acquiring an additional 88 shares in the last quarter. Nexus Investment Management ULC boosted its stake in Exxon Mobil by 1.6% in the 3rd quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock worth $653,000 after purchasing an additional 89 shares in the last quarter. Sagace Wealth Management LLC grew its position in Exxon Mobil by 2.7% during the 3rd quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock worth $388,000 after purchasing an additional 90 shares during the last quarter. Creative Capital Management Investments LLC increased its stake in Exxon Mobil by 2.5% during the 3rd quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock valued at $417,000 after purchasing an additional 91 shares in the last quarter. Finally, Capstone Wealth Management LLC increased its stake in Exxon Mobil by 3.8% during the 3rd quarter. Capstone Wealth Management LLC now owns 2,527 shares of the oil and gas company’s stock valued at $285,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Mizuho set a $140.00 target price on shares of Exxon Mobil in a research note on Wednesday, February 4th. Loop Capital set a $123.00 price target on Exxon Mobil in a report on Tuesday, February 3rd. Sanford C. Bernstein dropped their price objective on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Barclays boosted their price objective on Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Finally, Wells Fargo & Company decreased their target price on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $140.59.

Exxon Mobil Stock Down 1.0%

Exxon Mobil stock opened at $148.47 on Friday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $156.93. The firm has a market capitalization of $626.12 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 15.44 and a beta of 0.39. The stock’s fifty day moving average is $129.26 and its two-hundred day moving average is $118.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating 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 business had revenue of $82.31 billion during the quarter, compared to analyst estimates of $77.98 billion. During the same quarter in the previous year, the business posted $1.67 earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. Analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.8%. Exxon Mobil’s dividend payout ratio is currently 61.58%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, the vice president owned 23,584 shares of the company’s stock, valued at $3,295,864. This trade represents a 17.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 14,230 shares of company stock worth $1,888,421. 0.03% of the stock is owned by company insiders.

Exxon Mobil Company Profile

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.