Vestmark Advisory Solutions Inc. Buys 56,262 Shares of Exxon Mobil Corporation $XOM

Vestmark Advisory Solutions Inc. lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 241.0% during the third quarter, HoldingsChannel reports. The firm owned 79,611 shares of the oil and gas company’s stock after acquiring an additional 56,262 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Exxon Mobil were worth $8,976,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Exxon Mobil by 0.3% during the second quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock worth $46,468,147,000 after purchasing an additional 1,111,231 shares during the period. Geode Capital Management LLC increased its holdings in shares of Exxon Mobil by 0.4% in the second quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock valued at $10,345,132,000 after purchasing an additional 342,967 shares during the last quarter. Norges Bank acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth about $6,163,719,000. Bank of New York Mellon Corp grew its stake in Exxon Mobil by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock valued at $5,023,298,000 after buying an additional 1,274,860 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Exxon Mobil by 3.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock valued at $3,611,553,000 after acquiring an additional 1,126,912 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 2.6%

Shares of Exxon Mobil stock opened at $147.12 on Monday. The firm’s 50 day moving average is $132.29 and its 200 day moving average is $120.23. The firm has a market capitalization of $613.00 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 15.28 and a beta of 0.39. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $156.93. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The firm had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same quarter last year, the business posted $1.67 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be given a $1.03 dividend. The ex-dividend date is Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.8%. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,230 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $149.18, for a total value of $481,851.40. Following the completion of the transaction, the vice president owned 20,354 shares of the company’s stock, valued at $3,036,409.72. This represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold 14,230 shares of company stock worth $1,888,421 in the last quarter. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of a number of recent research reports. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research note on Friday, January 16th. Bank of America upped their price target on shares of Exxon Mobil from $129.00 to $135.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Sanford C. Bernstein decreased their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Wells Fargo & Company dropped their price target on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a research report on Monday, February 2nd. Finally, Loop Capital set a $123.00 price target on Exxon Mobil in a research report on Tuesday, February 3rd. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $140.59.

View Our Latest Research Report on XOM

Exxon Mobil News Summary

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

Exxon Mobil Company 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.

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

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