American International Group Inc. raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,853,161 shares of the oil and gas company’s stock after acquiring an additional 60,392 shares during the period. Exxon Mobil makes up approximately 1.6% of American International Group Inc.’s holdings, making the stock its 6th biggest position. American International Group Inc. owned approximately 0.14% of Exxon Mobil worth $408,434,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. California Public Employees Retirement System lifted its stake in shares of Exxon Mobil by 22.2% in the 3rd quarter. California Public Employees Retirement System now owns 10,458,189 shares of the oil and gas company’s stock worth $738,453,000 after purchasing an additional 1,902,091 shares during the period. BlackRock Inc. lifted its stake in shares of Exxon Mobil by 0.4% in the 2nd quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock worth $21,523,998,000 after purchasing an additional 1,069,038 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Exxon Mobil by 17.2% in the 3rd quarter. Fisher Asset Management LLC now owns 6,600,585 shares of the oil and gas company’s stock worth $466,067,000 after purchasing an additional 969,474 shares during the period. Johanson Financial Advisors Inc. lifted its stake in shares of Exxon Mobil by 7,172.8% in the 4th quarter. Johanson Financial Advisors Inc. now owns 907,501 shares of the oil and gas company’s stock worth $13,008,000 after purchasing an additional 895,023 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in shares of Exxon Mobil by 2,287.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 814,339 shares of the oil and gas company’s stock worth $57,500,000 after purchasing an additional 780,224 shares during the period. Institutional investors and hedge funds own 54.48% of the company’s stock.
In other Exxon Mobil news, CEO Darren W. Woods bought 2,858 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $60.53 per share, with a total value of $172,994.74. Following the completion of the acquisition, the chief executive officer now owns 818,032 shares in the company, valued at approximately $49,515,476.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David S. Rosenthal sold 9,615 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $69.51, for a total transaction of $668,338.65. Company insiders own 0.05% of the company’s stock.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.89. Exxon Mobil had a net margin of 5.41% and a return on equity of 5.11%. The business had revenue of $67.17 billion during the quarter, compared to analyst estimates of $64.58 billion. During the same period last year, the firm posted $1.41 EPS. The company’s revenue was down 6.6% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 3.17 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 11th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date is Monday, February 10th. Exxon Mobil’s dividend payout ratio (DPR) is currently 154.67%.
Several equities analysts have recently weighed in on XOM shares. Piper Jaffray Companies started coverage on shares of Exxon Mobil in a research note on Tuesday, November 26th. They issued a “hold” rating and a $83.00 price objective on the stock. Berenberg Bank set a $63.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Monday, February 3rd. Bank of America reissued a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a report on Monday. Scotiabank lowered shares of Exxon Mobil from a “sector perform” rating to a “sector underperform” rating and set a $75.00 target price for the company. in a report on Thursday, January 23rd. Finally, Barclays reissued a “hold” rating and issued a $67.00 target price on shares of Exxon Mobil in a report on Thursday, January 30th. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and two have given a buy rating to the company. Exxon Mobil currently has a consensus rating of “Hold” and a consensus price target of $74.48.
Exxon Mobil Company Profile
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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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