Nan Shan Life Insurance Co. Ltd. Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Nan Shan Life Insurance Co. Ltd. grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2,034.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 182,811 shares of the oil and gas company’s stock after buying an additional 174,247 shares during the quarter. Nan Shan Life Insurance Co. Ltd.’s holdings in Exxon Mobil were worth $19,665,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the 4th quarter worth about $31,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $36,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil in the 4th quarter worth about $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil in the 4th quarter worth about $47,000. Finally, Synergy Investment Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on XOM. Barclays cut their price target on Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Scotiabank reduced their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. HSBC dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Royal Bank of Canada lowered their target price on shares of Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating for the company in a research note on Monday, May 5th. Finally, Bernstein Bank lifted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Stock Up 0.3%

Shares of XOM opened at $109.45 on Wednesday. The company’s 50-day simple moving average is $109.08 and its 200-day simple moving average is $111.00. 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 1 year low of $97.80 and a 1 year high of $126.34. The stock has a market capitalization of $471.69 billion, a PE ratio of 13.96, a P/E/G ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the prior year, the business earned $2.06 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.62%. Exxon Mobil’s payout ratio is 52.52%.

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.