Los Angeles Capital Management LLC Has $15.62 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Los Angeles Capital Management LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 35.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 145,217 shares of the oil and gas company’s stock after selling 79,259 shares during the period. Los Angeles Capital Management LLC’s holdings in Exxon Mobil were worth $15,621,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the 4th quarter valued at approximately $46,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $47,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the 3rd quarter worth approximately $51,000. Finally, Compass Financial Services Inc bought a new position in shares of Exxon Mobil during the fourth quarter valued at $48,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on XOM shares. BMO Capital Markets decreased their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. Wolfe Research upped their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. The Goldman Sachs Group lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. HSBC decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, Bernstein Bank boosted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This trade represents 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 available through this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 0.6 %

NYSE XOM opened at $110.06 on Friday. Exxon Mobil Co. has a 52 week low of $104.00 and a 52 week high of $126.34. The business has a 50 day moving average price of $108.84 and a 200-day moving average price of $114.31. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $477.58 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the company posted $2.48 EPS. As a group, equities analysts expect 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 will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.60%. Exxon Mobil’s payout ratio is 50.51%.

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.