Stonnington Group LLC increased its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 10.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,751 shares of the oil and gas company’s stock after acquiring an additional 3,802 shares during the period. Exxon Mobil comprises about 1.2% of Stonnington Group LLC’s holdings, making the stock its 18th largest holding. Stonnington Group LLC’s holdings in Exxon Mobil were worth $4,486,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Moneta Group Investment Advisors LLC lifted its stake in shares of Exxon Mobil by 140,855.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after acquiring an additional 123,254,064 shares during the last quarter. Morgan Stanley lifted its stake in shares of Exxon Mobil by 11.9% in the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after acquiring an additional 5,566,797 shares during the last quarter. Norges Bank bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $5,226,390,000. Price T Rowe Associates Inc. MD increased its holdings in Exxon Mobil by 3.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,011,875 shares of the oil and gas company’s stock valued at $4,523,610,000 after purchasing an additional 1,344,934 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Exxon Mobil by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after purchasing an additional 560,517 shares during the period. Institutional investors own 58.59% of the company’s stock.
Insider Transactions at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $116.11, for a total value of $290,275.00. Following the completion of the transaction, the vice president now owns 29,272 shares in the company, valued at approximately $3,398,771.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.04% of the company’s stock.
Exxon Mobil Trading Up 0.8 %
Exxon Mobil (NYSE:XOM – Free Report) last released its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.18. The business had revenue of $86.56 billion during the quarter, compared to analysts’ expectations of $90.07 billion. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.07 EPS. Analysts expect that Exxon Mobil Co. will post 9.59 EPS for the current year.
Exxon Mobil Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date was Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is 24.64%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on XOM. Mizuho reduced their price target on Exxon Mobil from $147.00 to $130.00 in a report on Friday, May 19th. StockNews.com began coverage on Exxon Mobil in a report on Thursday, May 18th. They set a “hold” rating on the stock. Morgan Stanley boosted their price target on Exxon Mobil from $118.00 to $122.00 in a report on Tuesday, May 2nd. Royal Bank of Canada downgraded Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price target on the stock. in a report on Thursday, June 1st. Finally, UBS Group upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the stock from $125.00 to $144.00 in a report on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $124.70.
Exxon Mobil Profile
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.
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