Sava Infond d.o.o. Has $4.04 Million Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Sava Infond d.o.o. grew its holdings in Exxon Mobil Corporation (NYSE:XOM) by 16.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,980 shares of the oil and gas company’s stock after purchasing an additional 4,680 shares during the period. Sava Infond d.o.o.’s holdings in Exxon Mobil were worth $4,041,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in XOM. Norges Bank bought a new position in Exxon Mobil during the fourth quarter valued at about $6,936,737,000. GAMMA Investing LLC lifted its holdings in shares of Exxon Mobil by 14,242.7% during the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after acquiring an additional 9,391,614 shares during the period. Bank of New York Mellon Corp boosted its position in Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after buying an additional 5,538,694 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.1%

NYSE:XOM opened at $108.41 on Thursday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The stock has a 50-day moving average price of $106.92 and a two-hundred day moving average price of $108.54. The stock has a market cap of $467.21 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 2.17 and a beta of 0.49. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter in the previous year, the business posted $2.06 EPS. Exxon Mobil’s revenue for the quarter was up .1% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent research reports. Scotiabank decreased their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Morgan Stanley decreased their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho reduced their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Finally, UBS Group lowered their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.50.

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.