LGT Fund Management Co Ltd. Lowers Position in Exxon Mobil Co. (NYSE:XOM)

LGT Fund Management Co Ltd. lessened its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 31.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,158 shares of the oil and gas company’s stock after selling 10,908 shares during the period. LGT Fund Management Co Ltd.’s holdings in Exxon Mobil were worth $2,109,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Global Retirement Partners LLC increased its position in Exxon Mobil by 0.3% in the second quarter. Global Retirement Partners LLC now owns 51,444 shares of the oil and gas company’s stock worth $4,406,000 after purchasing an additional 156 shares during the last quarter. WMG Financial Advisors LLC increased its position in Exxon Mobil by 0.9% during the third quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock valued at $1,039,000 after acquiring an additional 108 shares during the last quarter. Radnor Capital Management LLC increased its position in Exxon Mobil by 0.8% during the second quarter. Radnor Capital Management LLC now owns 157,128 shares of the oil and gas company’s stock valued at $13,456,000 after acquiring an additional 1,241 shares during the last quarter. Polaris Wealth Advisory Group LLC increased its position in Exxon Mobil by 3,880.2% during the third quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock valued at $20,288,000 after acquiring an additional 200,102 shares during the last quarter. Finally, Brown Advisory Inc. increased its position in Exxon Mobil by 1.4% during the second quarter. Brown Advisory Inc. now owns 1,803,171 shares of the oil and gas company’s stock valued at $134,296,000 after acquiring an additional 24,869 shares during the last quarter. Institutional investors own 57.49% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of a number of analyst reports. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $113.00 to $114.00 and gave the company an “overweight” rating in a research report on Wednesday, October 19th. Piper Sandler cut their price objective on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a research report on Monday, December 19th. Exane BNP Paribas upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price objective on the stock in a research report on Tuesday, November 1st. Cowen boosted their price objective on shares of Exxon Mobil to $108.00 in a research report on Friday, November 4th. Finally, Credit Suisse Group upped their price target on shares of Exxon Mobil to $130.00 in a report on Tuesday, November 1st. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $110.67.

Insider Buying and Selling at Exxon Mobil

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In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $105.00, for a total transaction of $262,500.00. Following the completion of the sale, the vice president now directly owns 34,272 shares of the company’s stock, valued at $3,598,560. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Up 1.0 %

NYSE:XOM opened at $110.30 on Friday. Exxon Mobil Co. has a 1-year low of $60.70 and a 1-year high of $114.66. The company has a 50-day moving average of $109.43 and a 200 day moving average of $98.33. The firm has a market cap of $454.25 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 0.32 and a beta of 1.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.02.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, beating the consensus estimate of $3.88 by $0.57. The business had revenue of $112.07 billion during the quarter, compared to analyst estimates of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The company’s quarterly revenue was up 51.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 13.82 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.30%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Monday, November 14th. Exxon Mobil’s dividend payout ratio is presently 29.71%.

About Exxon Mobil

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.