German American Bancorp Inc. Grows Position in Exxon Mobil Co. (NYSE:XOM)

German American Bancorp Inc. lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,873 shares of the oil and gas company’s stock after buying an additional 1,225 shares during the period. Exxon Mobil makes up approximately 0.9% of German American Bancorp Inc.’s investment portfolio, making the stock its 28th biggest holding. German American Bancorp Inc.’s holdings in Exxon Mobil were worth $8,592,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. grew its position in Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after purchasing an additional 521,932 shares during the period. United Bank increased its holdings in Exxon Mobil by 3.7% in the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after buying an additional 641 shares in the last quarter. Raab & Moskowitz Asset Management LLC increased its stake in shares of Exxon Mobil by 0.7% in the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 23,325 shares of the oil and gas company’s stock valued at $2,734,000 after purchasing an additional 173 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Exxon Mobil by 7.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,113,715 shares of the oil and gas company’s stock valued at $247,770,000 after buying an additional 139,067 shares in the last quarter. Finally, EWA LLC raised its stake in shares of Exxon Mobil by 25.9% during the 3rd quarter. EWA LLC now owns 6,314 shares of the oil and gas company’s stock worth $761,000 after buying an additional 1,299 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s 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 sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on XOM shares. Mizuho reduced their price objective on shares of Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company reduced their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. The Goldman Sachs Group decreased their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Bernstein Bank increased their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $128.20.

Exxon Mobil Stock Down 1.6 %

Exxon Mobil stock opened at $102.64 on Tuesday. The stock has a 50-day simple moving average of $111.01 and a 200-day simple moving average of $113.71. The company has a market capitalization of $445.38 billion, a P/E ratio of 13.09, a PEG ratio of 3.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a fifty-two week low of $98.46 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the business earned $2.48 EPS. Equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.86%. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

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.