BNP Paribas Acquires Shares of 149,289 Exxon Mobil Co. (NYSE:XOM)

BNP Paribas bought a new position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 149,289 shares of the oil and gas company’s stock, valued at approximately $17,153,000.

Several other hedge funds have also modified their holdings of the stock. First Pacific Financial acquired a new stake in Exxon Mobil during the 1st quarter worth $34,000. Partnership Wealth Management LLC bought a new stake in Exxon Mobil in the fourth quarter valued at about $46,000. Vima LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $50,000. Redmont Wealth Advisors LLC bought a new position in Exxon Mobil during the first quarter worth about $88,000. Finally, Christopher J. Hasenberg Inc acquired a new position in shares of Exxon Mobil during the 1st quarter worth about $91,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Down 1.0 %

Shares of Exxon Mobil stock opened at $112.21 on Tuesday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $114.51 and its 200-day moving average is $110.25. The stock has a market cap of $442.45 billion, a P/E ratio of 13.75, a P/E/G ratio of 4.10 and a beta of 0.91.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the prior year, the business earned $2.83 EPS. The business’s revenue was down 4.0% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Co. will post 9.18 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.39%. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analyst Weigh In

XOM has been the topic of several recent analyst reports. Barclays initiated coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. Mizuho upped their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. TD Cowen boosted their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Scotiabank raised their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley reissued an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $133.82.

View Our Latest Report on XOM

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Company Profile

(Free Report)

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

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