Nan Shan Life Insurance Co. Ltd. Purchases Shares of 331,522 ExxonMobil Corporation $XOM

Nan Shan Life Insurance Co. Ltd. bought a new stake in shares of ExxonMobil Corporation (NYSE:XOM) in the 2nd quarter, Holdings Channel.com reports. The firm bought 331,522 shares of the oil and gas company’s stock, valued at approximately $45,326,000. ExxonMobil makes up 1.5% of Nan Shan Life Insurance Co. Ltd.’s holdings, making the stock its 24th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Midwest Professional Planners LTD. lifted its holdings in ExxonMobil by 13.8% during the second quarter. Midwest Professional Planners LTD. now owns 15,833 shares of the oil and gas company’s stock valued at $2,165,000 after purchasing an additional 1,922 shares in the last quarter. Triumph Capital Management increased its stake in shares of ExxonMobil by 18.0% in the second quarter. Triumph Capital Management now owns 13,873 shares of the oil and gas company’s stock worth $1,897,000 after purchasing an additional 2,112 shares in the last quarter. Legacy Financial Advisors Inc. raised its position in shares of ExxonMobil by 3.7% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 24,679 shares of the oil and gas company’s stock valued at $3,374,000 after purchasing an additional 874 shares during the period. Avant Capital LLC raised its position in shares of ExxonMobil by 0.6% during the 2nd quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company’s stock valued at $1,529,000 after purchasing an additional 65 shares during the period. Finally, First PREMIER Bank lifted its stake in shares of ExxonMobil by 0.8% during the 2nd quarter. First PREMIER Bank now owns 10,070 shares of the oil and gas company’s stock valued at $1,377,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Performance

ExxonMobil stock opened at $164.55 on Wednesday. The company’s 50-day moving average price is $151.47 and its 200-day moving average price is $152.01. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The company has a market cap of $682.05 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 0.99 and a beta of 0.17. ExxonMobil Corporation has a twelve month low of $108.35 and a twelve month high of $176.41.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). The company had revenue of $114.53 billion during the quarter, compared to analysts’ expectations of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same quarter last year, the firm posted $1.64 EPS. On average, equities research analysts forecast that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is 53.02%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays decreased their target price on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. TD Cowen raised their target price on shares of ExxonMobil from $155.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Mizuho reduced their price target on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $182.00 target price on shares of ExxonMobil in a report on Monday, August 3rd. Finally, Citigroup reiterated a “neutral” rating on shares of ExxonMobil in a research report on Wednesday, July 8th. Ten investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, ExxonMobil currently has an average rating of “Hold” and an average target price of $166.10.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Potential return to Venezuela: President Donald Trump said ExxonMobil is among the companies preparing to enter Venezuela, potentially giving XOM access to large oil reserves and a long-term production opportunity after its exit from the country in 2007. The company reportedly sent a technical team to evaluate opportunities earlier this year. Trump says Exxon is going in Venezuela
• Positive Sentiment: Higher oil prices are supporting the sector: Renewed conflict involving Iran and ongoing shipping constraints around the Strait of Hormuz pushed crude prices higher, improving the near-term earnings outlook for integrated producers such as ExxonMobil. Energy stocks and related ETFs advanced alongside the commodity rally. Oil prices rise amid Iran conflict
• Positive Sentiment: Possible chemicals expansion: ExxonMobil is reportedly among bidders for Shell’s U.S. chemicals assets, potentially for about $8 billion. Acquiring the plants could deepen XOM’s chemicals presence, although the purchase price and returns remain uncertain. ExxonMobil bid for Shell chemicals assets

ExxonMobil Profile

ExxonMobil 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.