Commerzbank Aktiengesellschaft FI lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 17.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 790,772 shares of the oil and gas company’s stock after selling 170,038 shares during the period. Exxon Mobil accounts for 0.7% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 26th biggest position. Commerzbank Aktiengesellschaft FI’s holdings in Exxon Mobil were worth $65,421,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS raised its stake in shares of Exxon Mobil by 2.4% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 719,002 shares of the oil and gas company’s stock worth $59,483,000 after purchasing an additional 16,794 shares in the last quarter. Barings LLC increased its holdings in shares of Exxon Mobil by 18.8% during the 2nd quarter. Barings LLC now owns 196,145 shares of the oil and gas company’s stock worth $16,227,000 after acquiring an additional 31,109 shares during the last quarter. Koch Industries Inc. increased its holdings in shares of Exxon Mobil by 343.1% during the 1st quarter. Koch Industries Inc. now owns 12,496 shares of the oil and gas company’s stock worth $932,000 after acquiring an additional 9,676 shares during the last quarter. First Command Bank increased its holdings in shares of Exxon Mobil by 96.0% during the 2nd quarter. First Command Bank now owns 187,962 shares of the oil and gas company’s stock worth $15,550,000 after acquiring an additional 92,058 shares during the last quarter. Finally, First Financial Bank Trust Division increased its holdings in shares of Exxon Mobil by 3.5% during the 2nd quarter. First Financial Bank Trust Division now owns 85,564 shares of the oil and gas company’s stock worth $7,078,000 after acquiring an additional 2,883 shares during the last quarter. Institutional investors own 53.33% of the company’s stock.
A number of research analysts recently weighed in on XOM shares. Morningstar set a $90.00 target price on Exxon Mobil and gave the stock a “buy” rating in a report on Wednesday, September 5th. BNP Paribas set a $85.00 target price on Exxon Mobil and gave the stock a “sell” rating in a report on Tuesday, August 28th. Wolfe Research raised Exxon Mobil from a “market perform” rating to an “outperform” rating in a report on Monday, November 26th. Jefferies Financial Group set a $87.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a report on Friday, August 24th. Finally, Macquarie reissued a “sell” rating and set a $70.00 target price on shares of Exxon Mobil in a report on Friday, October 19th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $86.82.
Shares of NYSE XOM opened at $77.64 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10. Exxon Mobil Co. has a one year low of $72.15 and a one year high of $89.30. The firm has a market capitalization of $336.58 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.20 and a beta of 0.84.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. The firm had revenue of $76.61 billion for the quarter, compared to analyst estimates of $72.91 billion. During the same period in the prior year, the firm posted $0.93 EPS. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 4.84 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Friday, November 9th. Exxon Mobil’s dividend payout ratio is 91.36%.
In other Exxon Mobil news, insider James M. Spellings, Jr. sold 9,522 shares of the company’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $78.41, for a total value of $746,620.02. Following the transaction, the insider now directly owns 249,122 shares of the company’s stock, valued at approximately $19,533,656.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total value of $1,260,300.00. Following the sale, the vice president now owns 214,774 shares of the company’s stock, valued at $18,045,311.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,939 shares of company stock worth $3,241,095. Insiders own 0.08% of the company’s stock.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.
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