Nordea Investment Management AB Sells 156,102 Shares of Exxon Mobil Co. (NYSE:XOM)

Nordea Investment Management AB cut its position in Exxon Mobil Co. (NYSE:XOM) by 13.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,015,819 shares of the oil and gas company’s stock after selling 156,102 shares during the quarter. Nordea Investment Management AB’s holdings in Exxon Mobil were worth $109,028,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Fairway Wealth LLC bought a new position in Exxon Mobil during the second quarter worth about $35,000. Fairscale Capital LLC bought a new position in Exxon Mobil in the 2nd quarter worth approximately $39,000. Hershey Financial Advisers LLC purchased a new position in Exxon Mobil in the 2nd quarter valued at approximately $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the 3rd quarter valued at $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Exxon Mobil during the third quarter worth $54,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $107.58 on Tuesday. The stock has a market cap of $472.82 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 4.65 and a beta of 0.91. The stock’s 50-day moving average is $114.23 and its 200 day moving average is $115.83. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.68%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on XOM. Morgan Stanley reduced their price target on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. JPMorgan Chase & Co. decreased their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Barclays cut their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Mizuho reduced their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, Wells Fargo & Company increased their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.74.

About Exxon Mobil

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.