IndexIQ Advisors LLC Lowers Position in Exxon Mobil Co. (NYSE:XOM)

IndexIQ Advisors LLC lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 67.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,522 shares of the oil and gas company’s stock after selling 28,666 shares during the period. IndexIQ Advisors LLC’s holdings in Exxon Mobil were worth $944,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in XOM. TFO TDC LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at about $25,000. Candriam Luxembourg S.C.A. raised its holdings in shares of Exxon Mobil by 48.5% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 503,066 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 164,241 shares in the last quarter. Gs Investments Inc. raised its holdings in shares of Exxon Mobil by 543.5% during the 4th quarter. Gs Investments Inc. now owns 444 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 375 shares in the last quarter. Evolution Wealth Advisors LLC raised its holdings in shares of Exxon Mobil by 299.3% during the 4th quarter. Evolution Wealth Advisors LLC now owns 575 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 431 shares in the last quarter. Finally, Marquette Asset Management LLC raised its holdings in shares of Exxon Mobil by 35.0% during the 3rd quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 150 shares in the last quarter. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on XOM shares. HSBC reissued a “neutral” rating and set a $70.00 price objective on shares of Exxon Mobil in a report on Wednesday. Jefferies Financial Group reissued a “neutral” rating and set a $75.00 price objective on shares of Exxon Mobil in a report on Wednesday, January 22nd. Bank of America reissued a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a report on Monday, February 10th. Barclays reissued a “hold” rating and set a $67.00 price objective on shares of Exxon Mobil in a report on Thursday, January 30th. Finally, Cfra decreased their price objective on Exxon Mobil from $73.00 to $69.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $74.11.

In related news, VP Liam M. Mallon sold 32,287 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $68.26, for a total transaction of $2,203,910.62. Following the transaction, the vice president now directly owns 211,289 shares in the company, valued at approximately $14,422,587.14. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Darren W. Woods purchased 2,858 shares of Exxon Mobil stock in a transaction that occurred on Monday, February 10th. The shares were bought at an average price of $60.53 per share, for a total transaction of $172,994.74. Following the completion of the transaction, the chief executive officer now owns 818,032 shares in the company, valued at $49,515,476.96. The disclosure for this purchase can be found here. 0.05% of the stock is owned by company insiders.

XOM opened at $60.65 on Friday. The stock’s 50 day simple moving average is $66.54 and its 200 day simple moving average is $69.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.50. Exxon Mobil Co. has a 1 year low of $59.62 and a 1 year high of $83.49. The firm has a market cap of $256.62 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.04 and a beta of 1.01.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.89. Exxon Mobil had a return on equity of 5.11% and a net margin of 5.41%. The business had revenue of $67.17 billion for the quarter, compared to analyst estimates of $64.58 billion. During the same period last year, the company earned $1.41 EPS. Exxon Mobil’s revenue for the quarter was down 6.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 3.17 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 11th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.48 annualized dividend and a yield of 5.74%. Exxon Mobil’s payout ratio is 154.67%.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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