MASTERINVEST Kapitalanlage GmbH Buys 5,258 Shares of Exxon Mobil Corporation $XOM

MASTERINVEST Kapitalanlage GmbH raised its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 21.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 29,934 shares of the oil and gas company’s stock after buying an additional 5,258 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in Exxon Mobil were worth $3,375,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of XOM. Vanguard Group Inc. raised its stake in 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 purchasing an additional 1,111,231 shares in the last quarter. Geode Capital Management LLC increased its holdings in Exxon Mobil by 0.4% in the 2nd 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 buying an additional 342,967 shares during the period. Norges Bank acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at approximately $6,163,719,000. Bank of New York Mellon Corp lifted its holdings in shares of 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 acquiring an additional 1,274,860 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Exxon Mobil by 3.5% during 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 acquiring an additional 1,126,912 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. BNP Paribas upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Jefferies Financial Group lifted their price target on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Bank of America dropped their price objective on Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Thursday, December 11th. Mizuho raised their price objective on Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, BNP Paribas Exane raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 target price for the company in a research note on Monday, December 8th. 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 issued a Sell rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $129.71.

Read Our Latest Research Report on XOM

Key Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Stock Performance

NYSE:XOM opened at $124.60 on Monday. The stock’s 50-day moving average is $118.05 and its 200-day moving average is $113.95. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $125.93. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The stock has a market cap of $525.44 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 7.77 and a beta of 0.37.

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

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

Insider Buying and Selling at Exxon Mobil

In related 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 value of $351,570.00. Following the sale, the vice president owned 28,584 shares of the company’s stock, valued at $3,349,758.96. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil 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.

Further Reading

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

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