Exxon Mobil Co. (NYSE:XOM) Position Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in Exxon Mobil Co. (NYSE:XOM) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,983,110 shares of the oil and gas company’s stock after buying an additional 5,538,694 shares during the quarter. Exxon Mobil makes up about 0.9% of Bank of New York Mellon Corp’s investment portfolio, making the stock its 14th biggest holding. Bank of New York Mellon Corp owned approximately 1.00% of Exxon Mobil worth $4,731,263,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Vertex Planning Partners LLC increased its stake in Exxon Mobil by 3.1% in the 3rd quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock valued at $326,000 after buying an additional 83 shares during the period. First Heartland Consultants Inc. grew its holdings in shares of Exxon Mobil by 0.9% during the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock valued at $1,108,000 after acquiring an additional 87 shares in the last quarter. Latitude Advisors LLC increased its stake in shares of Exxon Mobil by 0.7% in the third quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock worth $1,568,000 after acquiring an additional 88 shares during the last quarter. Longfellow Investment Management Co. LLC raised its holdings in shares of Exxon Mobil by 0.6% during the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after acquiring an additional 88 shares in the last quarter. Finally, West Oak Capital LLC boosted its position in Exxon Mobil by 0.6% during the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock valued at $1,743,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

NYSE XOM opened at $110.06 on Friday. The company’s fifty day moving average is $108.84 and its two-hundred day moving average is $114.31. Exxon Mobil Co. has a 52-week low of $104.00 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $477.58 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the business earned $2.48 EPS. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.60%. Exxon Mobil’s payout ratio is 50.51%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XOM. Wolfe Research upped their target price on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Mizuho dropped their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, TD Cowen reduced their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.25.

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.