Richard C. Young & CO. LTD. Makes New $13.77 Million Investment in Exxon Mobil Co. (NYSE:XOM)

Richard C. Young & CO. LTD. purchased a new position in Exxon Mobil Co. (NYSE:XOMGet Rating) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 166,770 shares of the oil and gas company’s stock, valued at approximately $13,774,000. Exxon Mobil accounts for 1.8% of Richard C. Young & CO. LTD.’s investment portfolio, making the stock its 22nd biggest position.

A number of other hedge funds have also modified their holdings of XOM. Norges Bank bought a new position in shares of Exxon Mobil in the fourth quarter worth approximately $3,184,424,000. GQG Partners LLC boosted its position in shares of Exxon Mobil by 21.8% during the fourth quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock worth $1,982,114,000 after acquiring an additional 5,807,202 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Exxon Mobil by 134.3% during the fourth quarter. Renaissance Technologies LLC now owns 6,313,354 shares of the oil and gas company’s stock worth $386,314,000 after acquiring an additional 3,619,270 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Exxon Mobil by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock worth $4,322,078,000 after acquiring an additional 3,441,825 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Exxon Mobil by 324.1% during the fourth quarter. American Century Companies Inc. now owns 2,618,221 shares of the oil and gas company’s stock worth $160,209,000 after acquiring an additional 2,000,928 shares during the last quarter. 54.07% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 1.4 %

XOM stock opened at $88.45 on Friday. The company has a market capitalization of $372.60 billion, a PE ratio of 9.68, a P/E/G ratio of 0.31 and a beta of 1.09. Exxon Mobil Co. has a 12 month low of $52.10 and a 12 month high of $105.57. The firm’s 50-day moving average is $90.93 and its 200 day moving average is $85.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87.

Exxon Mobil (NYSE:XOMGet Rating) last posted its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.74 by $0.40. The company had revenue of $115.68 billion for the quarter, compared to the consensus estimate of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The firm’s revenue was up 70.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 EPS. On average, research analysts anticipate that Exxon Mobil Co. will post 12.35 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 12th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 3.98%. The ex-dividend date is Thursday, August 11th. Exxon Mobil’s dividend payout ratio is presently 38.51%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on XOM. Barclays upped their target price on shares of Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 31st. Citigroup upped their target price on shares of Exxon Mobil from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, May 19th. Cowen upped their target price on shares of Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Morgan Stanley lowered their price objective on shares of Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Tuesday, July 19th. Finally, Bank of America increased their price objective on shares of Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $96.40.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the transaction, the vice president now owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the transaction, the vice president now owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the transaction, the vice president now directly owns 27,863 shares in the company, valued at approximately $2,635,839.80. The disclosure for this sale can be found here. Insiders have sold 7,147 shares of company stock valued at $698,858 in the last 90 days. Company insiders own 0.04% of the company’s stock.

About Exxon Mobil

(Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Further Reading

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.