Minneapolis Portfolio Management Group LLC Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

Minneapolis Portfolio Management Group LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 169,191 shares of the oil and gas company’s stock after buying an additional 923 shares during the period. Exxon Mobil makes up about 2.4% of Minneapolis Portfolio Management Group LLC’s investment portfolio, making the stock its 23rd biggest position. Minneapolis Portfolio Management Group LLC’s holdings in Exxon Mobil were worth $18,200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hirtle Callaghan & Co LLC increased its stake in Exxon Mobil by 7.2% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 3,171 shares of the oil and gas company’s stock worth $341,000 after buying an additional 213 shares during the period. Jackson Thornton Wealth Management LLC increased its stake in Exxon Mobil by 39.9% during the 4th quarter. Jackson Thornton Wealth Management LLC now owns 4,222 shares of the oil and gas company’s stock worth $454,000 after buying an additional 1,204 shares during the period. Woodmont Investment Counsel LLC increased its stake in Exxon Mobil by 43.4% during the 4th quarter. Woodmont Investment Counsel LLC now owns 70,863 shares of the oil and gas company’s stock worth $7,623,000 after buying an additional 21,455 shares during the period. Clune & Associates LTD. purchased a new stake in Exxon Mobil during the 4th quarter worth $1,262,000. Finally, Crowley Wealth Management Inc. purchased a new stake in Exxon Mobil during the 4th quarter worth $321,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.5 %

XOM stock opened at $115.30 on Monday. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34. The company has a market capitalization of $500.29 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The firm’s 50-day moving average is $110.09 and its two-hundred day moving average is $113.57. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 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 quarter in the prior year, the company earned $2.48 EPS. On average, analysts forecast 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 was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.43%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent analyst reports. Mizuho decreased their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. BMO Capital Markets decreased their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. Wells Fargo & Company decreased their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, HSBC decreased their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.15.

Exxon Mobil Company 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.