Nordea Investment Management AB boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,478,216 shares of the oil and gas company’s stock after buying an additional 60,905 shares during the period. Nordea Investment Management AB’s holdings in Exxon Mobil were worth $285,144,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. David R. Rahn & Associates Inc. acquired a new stake in Exxon Mobil in the second quarter worth $207,000. Exchange Capital Management Inc. raised its holdings in Exxon Mobil by 5.4% in the second quarter. Exchange Capital Management Inc. now owns 44,549 shares of the oil and gas company’s stock worth $3,596,000 after purchasing an additional 2,276 shares during the period. Birmingham Capital Management Co. Inc. AL raised its holdings in Exxon Mobil by 0.7% in the second quarter. Birmingham Capital Management Co. Inc. AL now owns 48,053 shares of the oil and gas company’s stock worth $3,879,000 after purchasing an additional 313 shares during the period. Lee Danner & Bass Inc. raised its holdings in Exxon Mobil by 0.7% in the second quarter. Lee Danner & Bass Inc. now owns 183,592 shares of the oil and gas company’s stock worth $14,821,000 after purchasing an additional 1,211 shares during the period. Finally, Telos Capital Management Inc. raised its holdings in Exxon Mobil by 1.3% in the second quarter. Telos Capital Management Inc. now owns 39,873 shares of the oil and gas company’s stock worth $3,219,000 after purchasing an additional 508 shares during the period. Institutional investors and hedge funds own 51.65% of the company’s stock.
In other news, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.93, for a total value of $470,091.93. Following the completion of the transaction, the vice president now owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Robert N. Schleckser sold 4,877 shares of Exxon Mobil stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $83.37, for a total transaction of $406,595.49. Following the completion of the transaction, the vice president now directly owns 187,663 shares of the company’s stock, valued at approximately $15,645,464.31. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,357 shares of company stock valued at $4,273,910. 0.08% of the stock is owned by insiders.
Exxon Mobil Co. (NYSE XOM) opened at $77.53 on Monday. The firm has a market cap of $328,500.00, a price-to-earnings ratio of 24.00, a P/E/G ratio of 1.05 and a beta of 0.82. Exxon Mobil Co. has a 12-month low of $73.90 and a 12-month high of $89.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). The business had revenue of $66.52 billion during the quarter, compared to the consensus estimate of $74.41 billion. Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. equities analysts forecast that Exxon Mobil Co. will post 4.85 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 12th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Friday, February 9th. Exxon Mobil’s dividend payout ratio (DPR) is currently 95.36%.
About Exxon Mobil
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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