Vinva Investment Management Ltd Reduces Stock Position in Exxon Mobil Co. (NYSE:XOM)

Vinva Investment Management Ltd lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 5.1% during the 4th quarter, Holdings Channel reports. The firm owned 171,881 shares of the oil and gas company’s stock after selling 9,224 shares during the quarter. Exxon Mobil comprises 0.7% of Vinva Investment Management Ltd’s portfolio, making the stock its 23rd largest holding. Vinva Investment Management Ltd’s holdings in Exxon Mobil were worth $18,178,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $31,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $46,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

NYSE:XOM opened at $113.61 on Wednesday. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market cap of $492.95 billion, a PE ratio of 14.49, a P/E/G ratio of 3.02 and a beta of 0.83. The stock has a 50 day moving average price of $109.56 and a 200 day moving average price of $113.57.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the firm posted $2.48 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.49%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Analyst Ratings Changes

XOM has been the topic of a number of recent research reports. Mizuho lowered their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Bernstein Bank increased their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. TD Cowen lowered their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Piper Sandler lowered their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, BMO Capital Markets lowered their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock 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 assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.15.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % 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 own 0.03% of the company’s stock.

Exxon Mobil Profile

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.