BI Asset Management Fondsmaeglerselskab A S Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 18.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 306,839 shares of the oil and gas company's stock after purchasing an additional 47,909 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Exxon Mobil were worth $33,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $31,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $46,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $47,000. Finally, Synergy Investment Management LLC purchased a new stake in Exxon Mobil during the fourth quarter worth $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on XOM shares. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Mizuho decreased their price target on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Bernstein Bank increased their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.75.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Stock Up 2.5 %

Shares of XOM opened at $106.84 on Friday. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The firm has a market cap of $462.12 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The company's 50-day moving average price is $109.82 and its 200 day moving average price is $112.81. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the company posted $2.48 earnings per share. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.71%. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

Exxon Mobil Company 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.

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