Exxon Mobil Co. (NYSE:XOM) Stock Holdings Increased by AIA Group Ltd

AIA Group Ltd boosted its position in Exxon Mobil Co. (NYSE:XOMGet Rating) by 46.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 22,624 shares of the oil and gas company’s stock after buying an additional 7,189 shares during the period. AIA Group Ltd’s holdings in Exxon Mobil were worth $1,869,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marcum Wealth LLC grew its holdings in shares of Exxon Mobil by 19.1% during the first quarter. Marcum Wealth LLC now owns 29,415 shares of the oil and gas company’s stock valued at $2,429,000 after purchasing an additional 4,711 shares during the last quarter. Minot Wealth Management LLC grew its holdings in Exxon Mobil by 15.5% in the 1st quarter. Minot Wealth Management LLC now owns 40,896 shares of the oil and gas company’s stock worth $3,378,000 after buying an additional 5,477 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Exxon Mobil by 13.3% in the 1st quarter. Revolve Wealth Partners LLC now owns 5,652 shares of the oil and gas company’s stock worth $467,000 after buying an additional 664 shares in the last quarter. Home Federal Bank of Tennessee grew its holdings in Exxon Mobil by 1.1% in the 1st quarter. Home Federal Bank of Tennessee now owns 14,168 shares of the oil and gas company’s stock worth $1,170,000 after buying an additional 150 shares in the last quarter. Finally, Leonard Rickey Investment Advisors P.L.L.C. grew its holdings in Exxon Mobil by 7.1% in the 1st quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 7,256 shares of the oil and gas company’s stock worth $599,000 after buying an additional 481 shares in the last quarter. 54.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on XOM shares. Cowen increased their price objective on Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Argus increased their price objective on Exxon Mobil from $92.00 to $104.00 in a report on Monday, May 9th. Royal Bank of Canada raised Exxon Mobil from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $90.00 to $100.00 in a report on Thursday, April 21st. Morgan Stanley decreased their price target on Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. Finally, Cowen boosted their price objective on Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $96.40.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total transaction of $220,733.07. Following the transaction, the vice president now owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the sale, the vice president now owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The disclosure for this sale can be found here. Insiders have sold a total of 7,147 shares of company stock valued at $698,858 in the last 90 days. 0.04% of the stock is currently owned by corporate insiders.

Exxon Mobil Trading Down 4.2 %

Shares of XOM opened at $87.19 on Friday. The business’s 50-day moving average price is $91.11 and its 200 day moving average price is $85.81. The stock has a market capitalization of $367.29 billion, a P/E ratio of 9.54, a P/E/G ratio of 0.32 and a beta of 1.09. Exxon Mobil Co. has a 1-year low of $52.10 and a 1-year high of $105.57. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Exxon Mobil (NYSE:XOMGet Rating) last issued its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.74 by $0.40. The firm had revenue of $115.68 billion for the quarter, compared to analysts’ expectations of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. Exxon Mobil’s revenue was up 70.8% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. Analysts expect that Exxon Mobil Co. will post 12.24 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be paid a dividend of $0.88 per share. The ex-dividend date is Thursday, August 11th. This represents a $3.52 annualized dividend and a yield of 4.04%. Exxon Mobil’s dividend payout ratio (DPR) is presently 38.51%.

Exxon Mobil Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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

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