Bessemer Securities LLC Has $290,000 Position in Exxon Mobil Co. (NYSE:XOM)

Bessemer Securities LLC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 10.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,700 shares of the oil and gas company’s stock after selling 300 shares during the period. Bessemer Securities LLC’s holdings in Exxon Mobil were worth $290,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Exxon Mobil by 100,169.8% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,032,339,935 shares of the oil and gas company’s stock valued at $110,718,458,000 after acquiring an additional 1,031,310,373 shares during the last quarter. FMR LLC boosted its holdings in Exxon Mobil by 1.9% in the first quarter. FMR LLC now owns 144,949,334 shares of the oil and gas company’s stock valued at $15,895,144,000 after acquiring an additional 2,680,850 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in Exxon Mobil by 140,855.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after acquiring an additional 123,254,064 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Exxon Mobil by 0.7% in the first quarter. Geode Capital Management LLC now owns 73,871,122 shares of the oil and gas company’s stock valued at $8,084,883,000 after acquiring an additional 520,794 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in Exxon Mobil by 11.9% in the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after acquiring an additional 5,566,797 shares during the last quarter. 58.53% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 0.4 %

NYSE XOM opened at $104.50 on Tuesday. The firm has a market capitalization of $414.12 billion, a P/E ratio of 10.38, a PEG ratio of 3.72 and a beta of 1.07. The business has a fifty day simple moving average of $110.40 and a 200 day simple moving average of $108.04. Exxon Mobil Co. has a 12 month low of $98.02 and a 12 month high of $120.70. The company has a current ratio of 1.42, a quick ratio of 1.08 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $2.27 EPS for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.09). The company had revenue of $90.76 billion during the quarter, compared to analysts’ expectations of $93.41 billion. Exxon Mobil had a net margin of 11.56% and a return on equity of 20.72%. The company’s quarterly revenue was down 19.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.45 earnings per share. On average, analysts predict that Exxon Mobil Co. will post 9.3 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.95 per share. The ex-dividend date is Tuesday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.91. This represents a $3.80 annualized dividend and a dividend yield of 3.64%. Exxon Mobil’s dividend payout ratio (DPR) is currently 37.74%.

Analysts Set New Price Targets

A number of research firms have issued reports on XOM. HSBC increased their price target on Exxon Mobil from $110.00 to $116.00 in a report on Wednesday, August 9th. Morgan Stanley increased their price target on Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a report on Monday, October 2nd. Jefferies Financial Group increased their price target on Exxon Mobil from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, October 12th. Mizuho cut their price target on Exxon Mobil from $139.00 to $133.00 and set a “buy” rating on the stock in a report on Tuesday, November 14th. Finally, Wells Fargo & Company increased their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, September 22nd. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Insider Activity

In other news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Exxon Mobil news, Director Jeffrey W. Ubben bought 250,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was purchased at an average cost of $105.97 per share, with a total value of $26,492,500.00. Following the transaction, the director now directly owns 2,077,000 shares in the company, valued at approximately $220,099,690. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at $3,193,780. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.