Norway Savings Bank increased its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 27,972 shares of the oil and gas company’s stock after acquiring an additional 230 shares during the quarter. Exxon Mobil accounts for about 1.6% of Norway Savings Bank’s investment portfolio, making the stock its 16th biggest 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 (SEC).
Several other large investors also recently modified their holdings of XOM. Axiom Financial Strategies LLC lifted its position in shares of Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after acquiring an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc purchased a new position in shares of Exxon Mobil in the first quarter valued at about $275,000. Loomis Sayles & Co. L P lifted its position in shares of Exxon Mobil by 318.8% in the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after acquiring an additional 13,065 shares in the last quarter. Ergoteles LLC lifted its position in shares of Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after buying an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC purchased a new stake in shares of Exxon Mobil in the first quarter worth about $237,000. Institutional investors own 58.53% of the company’s stock.
Wall Street Analyst Weigh In
XOM has been the topic of a number of research analyst reports. UBS Group boosted their target price on Exxon Mobil from $135.00 to $139.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Mizuho boosted their target price on Exxon Mobil from $131.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday. HSBC boosted their target price on Exxon Mobil from $110.00 to $116.00 in a research report on Wednesday, August 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $125.00 target price on shares of Exxon Mobil in a research report on Wednesday, July 19th. Finally, Morgan Stanley boosted their target price on Exxon Mobil from $121.00 to $124.00 and gave the stock an “overweight” rating in a research report on Friday, August 18th. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.78.
Insider Buying and Selling at Exxon Mobil
In other Exxon Mobil news, Director Jeffrey W. Ubben acquired 458,000 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was acquired at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the purchase, the director now directly owns 1,635,000 shares in the company, valued at approximately $174,830,550. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the sale, the vice president now owns 27,772 shares in the company, valued at $3,193,780. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey W. Ubben purchased 458,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was bought at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the acquisition, the director now owns 1,635,000 shares in the company, valued at $174,830,550. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.
Exxon Mobil Trading Up 0.8 %
NYSE XOM opened at $117.69 on Tuesday. The stock has a market capitalization of $471.14 billion, a P/E ratio of 9.42, a P/E/G ratio of 0.61 and a beta of 1.08. Exxon Mobil Co. has a 52-week low of $83.89 and a 52-week high of $119.92. The firm has a 50-day moving average price of $108.65 and a 200 day moving average price of $108.49. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.
Exxon Mobil (NYSE:XOM – Get Free Report) last issued its 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 company had revenue of $82.91 billion during the quarter, compared to analysts’ expectations of $81.80 billion. During the same period last year, the business posted $4.14 earnings per share. The company’s quarterly revenue was down 28.3% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Co. will post 8.94 EPS for the current year.
Exxon Mobil Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were issued a $0.91 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.64 dividend on an annualized basis and a yield of 3.09%. Exxon Mobil’s dividend payout ratio (DPR) is presently 29.12%.
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.
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