KBC Group NV reduced its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 41.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 371,177 shares of the oil and gas company's stock after selling 259,070 shares during the period. KBC Group NV's holdings in Exxon Mobil were worth $39,928,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Quarry LP purchased a new stake in shares of Exxon Mobil in the second quarter valued at approximately $133,000. Granite Bay Wealth Management LLC grew its holdings in Exxon Mobil by 45.1% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 3,958 shares of the oil and gas company's stock valued at $456,000 after buying an additional 1,231 shares in the last quarter. Souders Financial Advisors increased its stake in shares of Exxon Mobil by 5.6% in the 2nd quarter. Souders Financial Advisors now owns 4,305 shares of the oil and gas company's stock worth $496,000 after acquiring an additional 230 shares during the last quarter. Gibson Wealth Advisors LLC increased its stake in shares of Exxon Mobil by 5.4% in the 2nd quarter. Gibson Wealth Advisors LLC now owns 21,315 shares of the oil and gas company's stock worth $2,454,000 after acquiring an additional 1,094 shares during the last quarter. Finally, RiverFront Investment Group LLC raised its holdings in shares of Exxon Mobil by 18.2% during the 2nd quarter. RiverFront Investment Group LLC now owns 111,860 shares of the oil and gas company's stock worth $12,877,000 after acquiring an additional 17,188 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Stock Up 0.8 %
Exxon Mobil stock traded up $0.91 during mid-day trading on Thursday, hitting $109.58. The company had a trading volume of 5,722,547 shares, compared to its average volume of 14,650,192. The stock has a market cap of $481.59 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 2.86 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34. The business has a fifty day moving average of $110.91 and a 200 day moving average of $115.33.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business's revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.27 earnings per share. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.
Exxon Mobil Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.61%. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil's payout ratio is presently 49.32%.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on XOM shares. Mizuho dropped their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Bank of America initiated coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a "neutral" rating and a $124.00 price objective for the company. TD Cowen decreased their price target on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a research note on Monday, December 16th. The Goldman Sachs Group raised their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, Wolfe Research upped their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus target price of $128.84.
Check Out Our Latest Stock Analysis on Exxon Mobil
About Exxon Mobil
(
Free Report)
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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