DT Investment Partners LLC Acquires 4,942 Shares of Exxon Mobil Corporation $XOM

DT Investment Partners LLC increased its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 20.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 28,745 shares of the oil and gas company’s stock after purchasing an additional 4,942 shares during the period. DT Investment Partners LLC’s holdings in Exxon Mobil were worth $3,241,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Exxon Mobil by 0.3% in the second quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock valued at $46,468,147,000 after buying an additional 1,111,231 shares during the period. Geode Capital Management LLC boosted its holdings in Exxon Mobil by 0.4% in the second quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock valued at $10,345,132,000 after acquiring an additional 342,967 shares during the last quarter. Norges Bank acquired a new stake in Exxon Mobil during the 2nd quarter valued at approximately $6,163,719,000. Bank of New York Mellon Corp raised its holdings in Exxon Mobil by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock worth $5,023,298,000 after purchasing an additional 1,274,860 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Exxon Mobil by 3.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock worth $3,611,553,000 after purchasing an additional 1,126,912 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM opened at $121.20 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. The stock has a 50-day moving average of $117.64 and a 200-day moving average of $113.69. The company has a market cap of $511.12 billion, a PE ratio of 17.62, a P/E/G ratio of 7.72 and a beta of 0.37. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $125.93.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. On average, equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a $1.03 dividend. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the sale, the vice president owned 28,584 shares in the company, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of analyst reports. BNP Paribas raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. UBS Group reaffirmed a “buy” rating on shares of Exxon Mobil in a research note on Tuesday, December 9th. Finally, Morgan Stanley lifted their target price on Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $129.81.

Check Out Our Latest Report on XOM

Key Headlines Impacting Exxon Mobil

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Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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

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