ING Groep NV decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 97.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,813 shares of the oil and gas company’s stock after selling 912,894 shares during the period. ING Groep NV’s holdings in Exxon Mobil were worth $1,805,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Grassi Investment Management grew its holdings in Exxon Mobil by 0.6% during the 2nd quarter. Grassi Investment Management now owns 93,600 shares of the oil and gas company’s stock worth $7,744,000 after acquiring an additional 600 shares in the last quarter. Dividend Assets Capital LLC grew its holdings in Exxon Mobil by 1.8% during the 2nd quarter. Dividend Assets Capital LLC now owns 35,740 shares of the oil and gas company’s stock worth $2,957,000 after acquiring an additional 645 shares in the last quarter. Outfitter Advisors LTD. grew its holdings in Exxon Mobil by 1.4% during the 2nd quarter. Outfitter Advisors LTD. now owns 47,613 shares of the oil and gas company’s stock worth $3,939,000 after acquiring an additional 650 shares in the last quarter. X Square Capital LLC grew its holdings in Exxon Mobil by 16.8% during the 1st quarter. X Square Capital LLC now owns 4,544 shares of the oil and gas company’s stock worth $339,000 after acquiring an additional 653 shares in the last quarter. Finally, Cue Financial Group Inc. grew its holdings in Exxon Mobil by 4.8% during the 2nd quarter. Cue Financial Group Inc. now owns 14,267 shares of the oil and gas company’s stock worth $1,180,000 after acquiring an additional 657 shares in the last quarter. 53.33% of the stock is currently owned by hedge funds and other institutional investors.
XOM has been the subject of several recent analyst reports. Societe Generale set a $92.00 price objective on shares of Exxon Mobil and gave the stock a “buy” rating in a report on Tuesday, September 4th. Morningstar set a $90.00 price objective on shares of Exxon Mobil and gave the stock a “buy” rating in a report on Wednesday, September 5th. HSBC reissued a “buy” rating and set a $96.00 price objective on shares of Exxon Mobil in a report on Wednesday, September 12th. Finally, Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Monday, October 1st. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $86.82.
In other news, VP Bradley W. Corson sold 15,000 shares of Exxon Mobil stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David S. Rosenthal sold 7,562 shares of Exxon Mobil stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $81.24, for a total transaction of $614,336.88. Following the completion of the sale, the vice president now owns 258,250 shares in the company, valued at $20,980,230. The disclosure for this sale can be found here. Insiders sold a total of 39,939 shares of company stock valued at $3,241,095 over the last ninety days. Company insiders own 0.08% of the company’s stock.
NYSE XOM opened at $77.64 on Friday. Exxon Mobil Co. has a one year low of $72.15 and a one year high of $89.30. The company has a quick ratio of 0.54, a current ratio of 0.83 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $336.58 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.25. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.53%. The business had revenue of $76.61 billion during the quarter, compared to analyst estimates of $72.91 billion. During the same period in the previous year, the business posted $0.93 EPS. The company’s quarterly revenue was up 25.4% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 4.84 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Tuesday, November 13th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Friday, November 9th. Exxon Mobil’s dividend payout ratio (DPR) is presently 91.36%.
About Exxon Mobil
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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