Allspring Global Investments Holdings LLC Acquires 52,297 Shares of Exxon Mobil Corporation $XOM

Allspring Global Investments Holdings LLC raised its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,076,182 shares of the oil and gas company’s stock after acquiring an additional 52,297 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Exxon Mobil were worth $131,994,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Ipsen Advisor Group LLC lifted its position in Exxon Mobil by 1.6% during the third quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company’s stock valued at $637,000 after purchasing an additional 88 shares during the last quarter. Nexus Investment Management ULC increased its holdings in shares of Exxon Mobil by 1.6% in the 3rd quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock worth $653,000 after buying an additional 89 shares during the last quarter. Sagace Wealth Management LLC increased its holdings in shares of Exxon Mobil by 2.7% in the 3rd quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock worth $388,000 after buying an additional 90 shares during the last quarter. Creative Capital Management Investments LLC raised its position in shares of Exxon Mobil by 2.5% during the 3rd quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock valued at $417,000 after buying an additional 91 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in shares of Exxon Mobil by 2.4% during the 3rd quarter. Tortoise Investment Management LLC now owns 3,900 shares of the oil and gas company’s stock worth $440,000 after acquiring an additional 91 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $160.89 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $670.40 billion, a PE ratio of 24.05, a P/E/G ratio of 1.17 and a beta of 0.29. The firm has a fifty day simple moving average of $151.47 and a two-hundred day simple moving average of $129.29. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $176.41.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. The firm had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the firm earned $1.67 earnings per share. Research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date was Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the sale, the vice president owned 23,584 shares in the company, valued at approximately $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 11,460 shares of company stock valued at $1,687,854. 0.03% of the stock is owned by insiders.

Key Stories Impacting Exxon Mobil

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

Analyst Ratings Changes

Several brokerages recently issued reports on XOM. Barclays upped their target price on shares of Exxon Mobil from $145.00 to $163.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Bank of America lifted their price target on Exxon Mobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. Wells Fargo & Company decreased their price objective on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. Finally, BNP Paribas Exane downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 target price for the company. in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Hold” and a consensus target price of $151.00.

Read Our Latest Stock Analysis on Exxon Mobil

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.

Featured Stories

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

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