Grandfield & Dodd LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,721 shares of the oil and gas company’s stock after buying an additional 612 shares during the period. Grandfield & Dodd LLC’s holdings in Exxon Mobil were worth $17,186,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the stock. Moneta Group Investment Advisors LLC lifted its holdings in shares of Exxon Mobil by 140,855.3% during 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 buying an additional 123,254,064 shares during the period. Norges Bank purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $5,226,390,000. Morgan Stanley lifted its stake in shares of Exxon Mobil by 11.9% during 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 buying an additional 5,566,797 shares in the last quarter. CI Private Wealth LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $209,464,000. Finally, 1832 Asset Management L.P. grew its holdings in Exxon Mobil by 195.7% during the 4th quarter. 1832 Asset Management L.P. now owns 2,679,591 shares of the oil and gas company’s stock valued at $295,559,000 after buying an additional 1,773,488 shares in the last quarter. Hedge funds and other institutional investors own 58.59% of the company’s stock.
Insider Transactions at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $116.11, for a total value of $290,275.00. Following the transaction, the vice president now directly owns 29,272 shares in the company, valued at $3,398,771.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.04% of the stock is owned by insiders.
Exxon Mobil Stock Up 0.5 %
Exxon Mobil (NYSE:XOM – Get 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 analysts’ consensus estimates of $2.65 by $0.18. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The company had revenue of $86.56 billion for the quarter, compared to analysts’ expectations of $90.07 billion. During the same quarter in the previous year, the company posted $2.07 earnings per share. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, research analysts expect that Exxon Mobil Co. will post 9.45 earnings per share for the current year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were paid a $0.91 dividend. The ex-dividend date was Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.50%. Exxon Mobil’s payout ratio is 24.64%.
Analyst Ratings Changes
XOM has been the topic of a number of research analyst reports. UBS Group upgraded 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 research report on Tuesday, April 18th. Wolfe Research lowered Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. Mizuho dropped their target price on shares of Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. Scotiabank lowered Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $140.00 to $135.00 in a research note on Thursday, April 13th. Finally, Morgan Stanley reduced their price objective on shares of Exxon Mobil from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Hold” and a consensus target price of $124.66.
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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