Morningstar Investment Services LLC Has $57.08 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Morningstar Investment Services LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 534,820 shares of the oil and gas company’s stock after buying an additional 3,465 shares during the quarter. Morningstar Investment Services LLC’s holdings in Exxon Mobil were worth $57,078,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its holdings in shares of Exxon Mobil by 94.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock valued at $3,463,672,000 after buying an additional 19,230,872 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Exxon Mobil by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after buying an additional 560,517 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Exxon Mobil by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 29,023,605 shares of the oil and gas company’s stock valued at $3,200,996,000 after buying an additional 754,342 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Exxon Mobil by 0.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,806,918 shares of the oil and gas company’s stock valued at $1,302,303,000 after buying an additional 61,701 shares during the last quarter. Finally, Fayez Sarofim & Co grew its holdings in shares of Exxon Mobil by 1.9% during the third quarter. Fayez Sarofim & Co now owns 10,717,955 shares of the oil and gas company’s stock valued at $935,784,000 after buying an additional 196,344 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $116.11, for a total value of $290,275.00. Following the completion of the sale, the vice president now directly owns 29,272 shares in the company, valued at approximately $3,398,771.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.

Exxon Mobil Price Performance

XOM stock traded down $0.40 during midday trading on Friday, reaching $105.26. The company had a trading volume of 4,013,329 shares, compared to its average volume of 16,175,513. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.46 and a quick ratio of 1.10. Exxon Mobil Co. has a 1 year low of $80.69 and a 1 year high of $119.92. The company has a market capitalization of $425.57 billion, a P/E ratio of 7.23, a P/E/G ratio of 0.63 and a beta of 1.09. The firm has a 50-day moving average price of $110.33 and a 200-day moving average price of $110.59.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.18. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The business had revenue of $86.56 billion during the quarter, compared to analysts’ expectations of $90.07 billion. During the same quarter in the previous year, the company earned $2.07 EPS. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, research analysts anticipate that Exxon Mobil Co. will post 9.59 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.46%. Exxon Mobil’s payout ratio is 24.64%.

Analysts Set New Price Targets

A number of research firms recently weighed in on XOM. Mizuho dropped their price target on shares of Exxon Mobil from $147.00 to $130.00 in a research report on Friday, May 19th. Scotiabank lowered shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $140.00 to $135.00 in a research report on Thursday, April 13th. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. UBS Group raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $125.00 to $144.00 in a research report on Tuesday, April 18th. Finally, Bank of America lifted their price objective on shares of Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, February 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $125.30.

About Exxon Mobil

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.