Intech Investment Management LLC Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Intech Investment Management LLC grew its position in Exxon Mobil Co. (NYSE:XOM) by 12.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 578,066 shares of the oil and gas company’s stock after acquiring an additional 63,983 shares during the quarter. Exxon Mobil comprises 1.9% of Intech Investment Management LLC’s holdings, making the stock its 11th largest position. Intech Investment Management LLC’s holdings in Exxon Mobil were worth $62,183,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Generali Asset Management SPA SGR purchased a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $19,921,000. Horizon Investments LLC increased its holdings in shares of Exxon Mobil by 8.6% in the fourth quarter. Horizon Investments LLC now owns 50,416 shares of the oil and gas company’s stock valued at $5,423,000 after purchasing an additional 3,999 shares during the last quarter. Carlson Capital Management increased its holdings in shares of Exxon Mobil by 2.0% in the fourth quarter. Carlson Capital Management now owns 9,620 shares of the oil and gas company’s stock valued at $1,035,000 after purchasing an additional 191 shares during the last quarter. South Street Advisors LLC increased its holdings in shares of Exxon Mobil by 4.6% in the fourth quarter. South Street Advisors LLC now owns 10,177 shares of the oil and gas company’s stock valued at $1,095,000 after purchasing an additional 450 shares during the last quarter. Finally, Custos Family Office LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $891,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.7 %

NYSE:XOM opened at $113.79 on Tuesday. The firm has a market cap of $493.74 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average price of $109.47 and a 200 day moving average price of $113.60. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 period in the previous year, the company earned $2.48 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Bernstein Bank raised their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. Argus raised Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Scotiabank cut their target price on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Finally, TD Cowen cut their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

About Exxon Mobil

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.