Banco Bilbao Vizcaya Argentaria S.A. Sells 64,102 Shares of Exxon Mobil Corporation $XOM

Banco Bilbao Vizcaya Argentaria S.A. decreased its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 23.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 205,452 shares of the oil and gas company’s stock after selling 64,102 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Exxon Mobil were worth $23,170,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Ipsen Advisor Group LLC increased its position in Exxon Mobil by 1.6% during the 3rd quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company’s stock valued at $637,000 after purchasing an additional 88 shares during the period. Nexus Investment Management ULC lifted its position in shares of Exxon Mobil by 1.6% in the 3rd quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock worth $653,000 after purchasing an additional 89 shares during the period. Sagace Wealth Management LLC lifted its position in shares of Exxon Mobil by 2.7% in the 3rd quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock worth $388,000 after purchasing an additional 90 shares during the period. Creative Capital Management Investments LLC boosted its stake in shares of Exxon Mobil by 2.5% in the 3rd quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock valued at $417,000 after purchasing an additional 91 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in shares of Exxon Mobil by 2.4% in the 3rd quarter. Tortoise Investment Management LLC now owns 3,900 shares of the oil and gas company’s stock valued at $440,000 after purchasing an additional 91 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on XOM shares. TD Cowen lifted their target price on shares of Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Bank of America upped their price target on shares of Exxon Mobil from $135.00 to $151.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Zacks Research upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Loop Capital set a $123.00 price objective on Exxon Mobil in a research report on Tuesday, February 3rd. Finally, Royal Bank Of Canada boosted their price objective on Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Hold” and a consensus target price of $146.00.

Get Our Latest Stock Report on XOM

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,150 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the sale, the vice president directly owned 18,204 shares of the company’s stock, valued at $2,872,955.28. The trade was a 10.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 16,380 shares of company stock valued at $2,227,734. Insiders own 0.03% of the company’s stock.

Exxon Mobil News Summary

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

Exxon Mobil Stock Up 1.8%

Exxon Mobil stock opened at $156.29 on Friday. The company has a market capitalization of $651.20 billion, a PE ratio of 23.36, a PEG ratio of 1.28 and a beta of 0.35. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $159.60. The firm’s fifty day moving average is $141.99 and its 200 day moving average is $124.68. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping 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 business had revenue of $80.04 billion during the quarter, compared to analysts’ expectations of $77.98 billion. During the same period last year, the company posted $1.67 earnings per share. The business’s quarterly revenue was down 1.3% on a year-over-year basis. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were paid a $1.03 dividend. The ex-dividend date was Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

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.

Further Reading

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

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