Exxon Mobil Co. (NYSE:XOM) Shares Sold by Gardner Lewis Asset Management L P

Gardner Lewis Asset Management L P decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,540 shares of the oil and gas company’s stock after selling 2,835 shares during the period. Exxon Mobil accounts for 2.0% of Gardner Lewis Asset Management L P’s investment portfolio, making the stock its 20th largest holding. Gardner Lewis Asset Management L P’s holdings in Exxon Mobil were worth $8,126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Vertex Planning Partners LLC grew its stake in Exxon Mobil by 13.2% during the 4th quarter. Vertex Planning Partners LLC now owns 3,144 shares of the oil and gas company’s stock worth $338,000 after buying an additional 366 shares during the last quarter. Slagle Financial LLC boosted its holdings in shares of Exxon Mobil by 3.9% in the fourth quarter. Slagle Financial LLC now owns 44,218 shares of the oil and gas company’s stock valued at $4,756,000 after acquiring an additional 1,651 shares during the period. denkapparat Operations GmbH purchased a new position in shares of Exxon Mobil during the fourth quarter worth approximately $204,000. Riverchase Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $308,000. Finally, Orion Portfolio Solutions LLC raised its position in Exxon Mobil by 16.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 272,991 shares of the oil and gas company’s stock valued at $29,366,000 after purchasing an additional 37,989 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM stock opened at $117.94 on Friday. The firm has a 50 day moving average of $110.63 and a 200-day moving average of $113.67. The company has a market cap of $511.75 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 3.02 and a beta of 0.83. 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 Co. has a 12-month low of $103.67 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the firm earned $2.48 earnings per share. As a group, equities analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.36%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Wall Street Analyst Weigh In

XOM has been the topic of several research reports. TD Cowen lowered their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Morgan Stanley lowered their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday. Scotiabank reduced their price objective on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Barclays cut their price target on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. One equities 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.05.

Insider Buying and Selling

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 transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.03% of the company’s stock.

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.