Westpac Banking Corp Has $2.21 Million Stake in Exxon Mobil Corporation $XOM

Westpac Banking Corp lifted its stake in Exxon Mobil Corporation (NYSE:XOM) by 455.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,603 shares of the oil and gas company’s stock after acquiring an additional 16,072 shares during the period. Westpac Banking Corp’s holdings in Exxon Mobil were worth $2,210,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in XOM. Interchange Capital Partners LLC lifted its holdings in shares of Exxon Mobil by 73.1% during the third quarter. Interchange Capital Partners LLC now owns 7,362 shares of the oil and gas company’s stock worth $830,000 after buying an additional 3,108 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Exxon Mobil by 3.9% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 8,601,222 shares of the oil and gas company’s stock worth $969,788,000 after acquiring an additional 322,149 shares during the period. Brucke Financial Inc. raised its stake in Exxon Mobil by 6.5% during the 3rd quarter. Brucke Financial Inc. now owns 7,292 shares of the oil and gas company’s stock valued at $834,000 after purchasing an additional 445 shares during the last quarter. Greenwood Gearhart Inc. boosted its holdings in Exxon Mobil by 3.0% in the 3rd quarter. Greenwood Gearhart Inc. now owns 21,715 shares of the oil and gas company’s stock valued at $2,448,000 after purchasing an additional 630 shares during the period. Finally, Catalyst Financial Partners LLC grew its position in Exxon Mobil by 1.1% in the 3rd quarter. Catalyst Financial Partners LLC now owns 29,477 shares of the oil and gas company’s stock worth $3,324,000 after purchasing an additional 333 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $149.19 on Thursday. The stock has a market capitalization of $621.62 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 15.48 and a beta of 0.39. The firm’s 50-day moving average price is $134.28 and its two-hundred day moving average price is $121.05. 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 Corporation has a 1-year low of $97.80 and a 1-year high of $156.93.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The business had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same period in the previous year, the business earned $1.67 EPS. Exxon Mobil’s revenue was down 1.3% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio is presently 61.58%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BNP Paribas Exane lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price objective for the company. in a research report on Tuesday, February 3rd. Barclays upped their price target on Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Bank of America lifted their price objective on Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. BMO Capital Markets restated a “market perform” rating and set a $155.00 price objective on shares of Exxon Mobil in a research report on Wednesday, February 4th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Hold” and an average target price of $140.59.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $149.18, for a total transaction of $481,851.40. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 14,230 shares of company stock valued at $1,888,421 in the last three months. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Profile

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.