Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Invesco Ltd.

Invesco Ltd. lifted its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 12.8% in the first quarter, HoldingsChannel reports. The firm owned 13,846,781 shares of the oil and gas company’s stock after buying an additional 1,569,263 shares during the quarter. Invesco Ltd.’s holdings in Exxon Mobil were worth $1,143,604,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in XOM. Norges Bank acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $3,184,424,000. GQG Partners LLC grew its holdings in Exxon Mobil by 59.9% during the 1st quarter. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company’s stock worth $4,277,527,000 after acquiring an additional 19,403,556 shares in the last quarter. Vanguard Group Inc. grew its holdings in Exxon Mobil by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company’s stock worth $30,098,496,000 after acquiring an additional 8,825,023 shares in the last quarter. American Century Companies Inc. grew its holdings in Exxon Mobil by 149.6% during the 1st quarter. American Century Companies Inc. now owns 6,534,097 shares of the oil and gas company’s stock worth $539,651,000 after acquiring an additional 3,915,876 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Exxon Mobil by 134.3% during the 4th quarter. Renaissance Technologies LLC now owns 6,313,354 shares of the oil and gas company’s stock worth $386,314,000 after acquiring an additional 3,619,270 shares in the last quarter. Institutional investors and hedge funds own 56.84% of the company’s stock.

Exxon Mobil Stock Up 1.7 %

XOM stock opened at $96.50 on Friday. The company has a market cap of $402.18 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 0.31 and a beta of 1.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. Exxon Mobil Co. has a 12 month low of $52.96 and a 12 month high of $105.57. The company has a fifty day moving average price of $91.45 and a 200 day moving average price of $88.92.

Exxon Mobil (NYSE:XOMGet Rating) last announced its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping analysts’ consensus estimates of $3.74 by $0.40. The company had revenue of $115.68 billion during the quarter, compared to the consensus estimate of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. Exxon Mobil’s quarterly revenue was up 70.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 12.69 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were given a dividend of $0.88 per share. The ex-dividend date was Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a yield of 3.65%. Exxon Mobil’s payout ratio is currently 38.51%.

Insiders Place Their Bets

In other news, Director Jeffrey W. Ubben acquired 960,000 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was bought at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the transaction, the director now owns 1,137,000 shares in the company, valued at $100,635,870. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the transaction, the vice president now directly owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey W. Ubben purchased 960,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were bought at an average cost of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the purchase, the director now owns 1,137,000 shares in the company, valued at $100,635,870. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Analysts Set New Price Targets

XOM has been the subject of several analyst reports. Barclays boosted their price target on shares of Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a report on Tuesday, May 31st. Morgan Stanley boosted their price target on shares of Exxon Mobil from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday. Citigroup boosted their price target on shares of Exxon Mobil from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, May 19th. The Goldman Sachs Group boosted their price objective on shares of Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. Finally, HSBC boosted their price objective on shares of Exxon Mobil from $92.50 to $97.50 and gave the stock a “hold” rating in a research report on Wednesday, July 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and an average price target of $96.74.

Exxon Mobil Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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