Bank of New York Mellon Corp Has $5.19 Billion Stake in Exxon Mobil Corporation $XOM

Bank of New York Mellon Corp reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 1.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 46,073,991 shares of the oil and gas company’s stock after selling 524,322 shares during the quarter. Exxon Mobil comprises approximately 0.9% of Bank of New York Mellon Corp’s portfolio, making the stock its 13th largest holding. Bank of New York Mellon Corp’s holdings in Exxon Mobil were worth $5,194,843,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nexus Investment Management ULC grew its holdings in shares of Exxon Mobil by 1.6% during the 3rd quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock valued at $653,000 after acquiring an additional 89 shares in the last quarter. Sagace Wealth Management LLC boosted its position in Exxon Mobil by 2.7% during the third quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock valued at $388,000 after purchasing an additional 90 shares during the last quarter. Willow Creek Wealth Management Inc. grew its stake in Exxon Mobil by 3.6% in the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock valued at $285,000 after purchasing an additional 91 shares in the last quarter. Creative Capital Management Investments LLC grew its stake in Exxon Mobil by 2.5% in the third quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock valued at $417,000 after purchasing an additional 91 shares in the last quarter. Finally, Capstone Wealth Management LLC increased its position in Exxon Mobil by 3.8% in the 3rd quarter. Capstone Wealth Management LLC now owns 2,527 shares of the oil and gas company’s stock worth $285,000 after purchasing an additional 92 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was 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. This trade represents a 9.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil News Summary

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Sanford C. Bernstein lowered their price target on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Citigroup lifted their target price on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. Piper Sandler dropped their price target on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Bank of America reduced their price objective on shares of Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Finally, Morgan Stanley decreased their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.84.

Read Our Latest Report on XOM

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $136.90 on Wednesday. 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 firm has a fifty day simple moving average of $121.43 and a 200-day simple moving average of $115.58. The stock has a market capitalization of $577.33 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 8.76 and a beta of 0.37. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $136.94.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, October 31st. The oil and gas company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.72 by $0.16. The firm had revenue of $83.33 billion for the quarter, compared to the consensus estimate of $83.09 billion. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 EPS. On average, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is presently 59.88%.

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.

See Also

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOMFree Report).

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

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