GF Fund Management CO. LTD. Sells 6,655 Shares of Exxon Mobil Corporation $XOM

GF Fund Management CO. LTD. cut its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 88.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 862 shares of the oil and gas company’s stock after selling 6,655 shares during the period. GF Fund Management CO. LTD.’s holdings in Exxon Mobil were worth $97,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Maryland State Retirement & Pension System boosted its holdings in Exxon Mobil by 2.6% in the third quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock worth $24,342,000 after acquiring an additional 5,573 shares in the last quarter. Linscomb Wealth Inc. raised its position in shares of Exxon Mobil by 1.4% during the second quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock worth $42,017,000 after purchasing an additional 5,527 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Exxon Mobil by 3.3% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock worth $34,576,000 after purchasing an additional 9,831 shares in the last quarter. Capital Counsel LLC NY grew its position in Exxon Mobil by 0.9% in the 2nd quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock valued at $5,356,000 after purchasing an additional 460 shares during the period. Finally, HORAN Wealth LLC increased its stake in Exxon Mobil by 78.3% during the 3rd quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock valued at $1,486,000 after purchasing an additional 5,788 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the transaction, the vice president directly 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 Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 14,230 shares of company stock worth $1,888,421 in the last three months. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on XOM shares. Sanford C. Bernstein dropped their price objective 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. TD Cowen raised their price target on shares of Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Bank of America boosted their price objective on Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Barclays increased their price objective on Exxon Mobil from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Wells Fargo & Company cut 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 research 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $140.59.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $148.47 on Tuesday. The company has a market capitalization of $626.12 billion, a PE ratio of 22.19, a PEG ratio of 15.40 and a beta of 0.39. 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 stock’s 50 day moving average price is $129.91 and its 200-day moving average price is $119.08. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $156.93.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company had revenue of $82.31 billion during the quarter, compared to the consensus estimate of $77.98 billion. During the same period last year, the business posted $1.67 earnings per share. Exxon Mobil’s revenue was down 1.3% on a year-over-year basis. On average, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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 given a dividend of $1.03 per share. The ex-dividend date is Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.8%. Exxon Mobil’s dividend payout ratio is presently 61.58%.

About Exxon Mobil

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.