Norway Savings Bank increased its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,972 shares of the oil and gas company’s stock after purchasing an additional 230 shares during the quarter. Exxon Mobil makes up 1.6% of Norway Savings Bank’s investment portfolio, making the stock its 16th largest holding. Norway Savings Bank’s holdings in Exxon Mobil were worth $3,000,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its position in shares of Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after purchasing an additional 123,254,064 shares during the period. Norges Bank acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $5,226,390,000. Price T Rowe Associates Inc. MD increased its stake in shares of Exxon Mobil by 16.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 47,592,122 shares of the oil and gas company’s stock valued at $5,218,954,000 after buying an additional 6,580,247 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Exxon Mobil by 188.6% in the first quarter. Envestnet Asset Management Inc. now owns 8,740,551 shares of the oil and gas company’s stock valued at $327,573,000 after acquiring an additional 5,711,599 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in Exxon Mobil by 11.9% in the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after acquiring an additional 5,566,797 shares during the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the transaction, the vice president now owns 27,772 shares in the company, valued at approximately $3,193,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Jeffrey W. Ubben acquired 458,000 shares of Exxon Mobil stock in a transaction dated Monday, July 31st. The stock was purchased at an average cost of $106.93 per share, for a total transaction of $48,973,940.00. Following the purchase, the director now directly owns 1,635,000 shares of the company’s stock, valued at approximately $174,830,550. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the sale, the vice president now owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.
Exxon Mobil Stock Up 0.8 %
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The business had revenue of $82.91 billion for the quarter, compared to analysts’ expectations of $81.80 billion. During the same quarter in the prior year, the firm earned $4.14 EPS. The firm’s revenue for the quarter was down 28.3% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Co. will post 8.94 EPS for the current year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.09%. Exxon Mobil’s dividend payout ratio (DPR) is 29.12%.
Analyst Ratings Changes
XOM has been the topic of several recent analyst reports. Mizuho lifted their price objective on Exxon Mobil from $131.00 to $139.00 and gave the company a “buy” rating in a report on Monday. Morgan Stanley boosted their target price on Exxon Mobil from $121.00 to $124.00 and gave the stock an “overweight” rating in a report on Friday, August 18th. StockNews.com started coverage on Exxon Mobil in a research report on Thursday, August 17th. They set a “hold” rating for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $125.00 price target on shares of Exxon Mobil in a report on Wednesday, July 19th. Finally, Wolfe Research cut Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.78.
Exxon Mobil 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.
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