Czech National Bank Boosts Stake in Exxon Mobil Corporation $XOM

Czech National Bank raised its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,082,776 shares of the oil and gas company’s stock after acquiring an additional 29,259 shares during the quarter. Exxon Mobil makes up about 0.8% of Czech National Bank’s portfolio, making the stock its 15th biggest position. Czech National Bank’s holdings in Exxon Mobil were worth $122,083,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in XOM. Game Plan Financial Advisors LLC grew its stake in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in shares of Exxon Mobil during the second quarter valued at about $38,000. Bare Financial Services Inc boosted its holdings in shares of Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 201 shares in the last quarter. 1248 Management LLC purchased a new position in shares of Exxon Mobil in the 1st quarter worth approximately $40,000. Finally, Investment Research & Advisory Group Inc. bought a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $42,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $116.56 on Friday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $120.81. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The company has a market cap of $491.57 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 7.35 and a beta of 0.38. The company’s 50 day moving average is $115.93 and its 200 day moving average is $112.64.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were given a dividend of $1.03 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

Exxon Mobil News Summary

Here are the key news stories impacting Exxon Mobil this week:

Analyst Ratings Changes

Several research firms have issued reports on XOM. Mizuho lifted their price target on shares of Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Morgan Stanley boosted their target price on Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. Citigroup upped their target price on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. UBS Group reaffirmed a “buy” rating on shares of Exxon Mobil in a research report on Tuesday, December 9th. Finally, BNP Paribas Exane upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target on the stock in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $129.45.

Check Out Our Latest Research Report on Exxon Mobil

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the sale, the vice president directly owned 28,584 shares in the company, valued at $3,349,758.96. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

See Also

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

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