Bryn Mawr Capital Management LLC Has $3.50 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Bryn Mawr Capital Management LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 75.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,517 shares of the oil and gas company’s stock after selling 102,355 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Exxon Mobil were worth $3,498,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of XOM. Pacer Advisors Inc. raised its position in Exxon Mobil by 1,524.1% in the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after buying an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. grew its stake in Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Assenagon Asset Management S.A. grew its stake in Exxon Mobil by 168.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock valued at $531,060,000 after purchasing an additional 2,842,844 shares during the period. Strategic Financial Concepts LLC grew its stake in shares of Exxon Mobil by 11,131.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock worth $192,853,000 after acquiring an additional 1,776,848 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after acquiring an additional 1,622,064 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

NYSE:XOM opened at $110.67 on Friday. The business has a 50 day moving average of $108.60 and a 200 day moving average of $114.49. The company has a market capitalization of $480.20 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 1-year low of $102.88 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 prior year, the company posted $2.48 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.58%. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on XOM. TD Cowen decreased their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Morgan Stanley lifted their target price on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Wells Fargo & Company reduced their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. HSBC reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, BMO Capital Markets reduced their target price 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. One equities 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.