Foster Group Inc. grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,955 shares of the oil and gas company’s stock after acquiring an additional 457 shares during the period. Foster Group Inc.’s holdings in Exxon Mobil were worth $1,760,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of XOM. Price T Rowe Associates Inc. MD lifted its position in shares of Exxon Mobil by 94.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock worth $3,463,672,000 after purchasing an additional 19,230,872 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Exxon Mobil by 1,505.5% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company’s stock worth $833,291,000 after purchasing an additional 9,124,095 shares during the last quarter. Great West Life Assurance Co. Can bought a new position in shares of Exxon Mobil during the third quarter worth about $347,253,000. Legal & General Group Plc lifted its position in shares of Exxon Mobil by 14.3% during the second quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock worth $2,144,479,000 after purchasing an additional 3,131,617 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Exxon Mobil by 12.3% during the third quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock worth $2,468,477,000 after purchasing an additional 3,094,957 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Price Performance
NYSE XOM opened at $116.99 on Thursday. Exxon Mobil Co. has a 12 month low of $79.29 and a 12 month high of $119.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. The firm has a market capitalization of $476.27 billion, a PE ratio of 8.82, a P/E/G ratio of 0.48 and a beta of 1.08. The company’s 50 day simple moving average is $110.80 and its 200 day simple moving average is $107.70.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.11%. Exxon Mobil’s dividend payout ratio is presently 27.45%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on XOM. StockNews.com began coverage on shares of Exxon Mobil in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $120.00 to $135.00 in a report on Tuesday, January 17th. Bank of America raised their target price on shares of Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, February 1st. Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Finally, Argus raised their target price on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $121.64.
Insider Activity at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total transaction of $288,750.00. Following the transaction, the vice president now owns 31,772 shares in the company, valued at $3,669,666. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.04% of the company’s stock.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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