Sequoia Financial Advisors LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,762 shares of the oil and gas company’s stock after acquiring an additional 8,808 shares during the period. Sequoia Financial Advisors LLC’s holdings in Exxon Mobil were worth $20,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its holdings in 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. Norges Bank bought a new stake in shares of Exxon Mobil in the fourth quarter worth about $5,226,390,000. Morgan Stanley increased its holdings in shares of Exxon Mobil by 11.9% in the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock worth $5,788,398,000 after purchasing an additional 5,566,797 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Exxon Mobil by 272.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,606,938 shares of the oil and gas company’s stock worth $287,545,000 after buying an additional 1,906,940 shares in the last quarter. Finally, CI Private Wealth LLC bought a new position in Exxon Mobil during the fourth quarter valued at approximately $209,464,000. Hedge funds and other institutional investors own 58.59% of the company’s stock.
Exxon Mobil Price Performance
Exxon Mobil stock opened at $104.54 on Friday. The stock has a market cap of $422.65 billion, a price-to-earnings ratio of 7.08, a price-to-earnings-growth ratio of 0.56 and a beta of 1.08. The firm has a 50-day moving average of $105.61 and a two-hundred day moving average of $109.58. Exxon Mobil Co. has a 1 year low of $80.69 and a 1 year high of $119.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.46 and a quick ratio of 1.10.
Exxon Mobil Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were issued a $0.91 dividend. The ex-dividend date was Monday, May 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.48%. Exxon Mobil’s payout ratio is currently 24.64%.
Wall Street Analysts Forecast Growth
XOM has been the topic of several recent research reports. StockNews.com started coverage on Exxon Mobil in a report on Thursday, May 18th. They set a “hold” rating on the stock. HSBC increased their price objective on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research report on Thursday, April 20th. UBS Group upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $125.00 to $144.00 in a report on Tuesday, April 18th. The Goldman Sachs Group downgraded shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price target for the company. in a report on Monday, May 1st. Finally, Mizuho reduced their price objective on Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $124.70.
Insider Buying and Selling
In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $116.11, for a total value of $290,275.00. Following the completion of the sale, the vice president now owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is owned by insiders.
About Exxon Mobil
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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