64,485,795 Shares in Exxon Mobil Co. (NYSE:XOM) Acquired by Norges Bank

Norges Bank purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 64,485,795 shares of the oil and gas company's stock, valued at approximately $6,936,737,000. Exxon Mobil accounts for 0.9% of Norges Bank's portfolio, making the stock its 12th largest holding. Norges Bank owned approximately 1.47% of Exxon Mobil at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Geode Capital Management LLC increased its position in Exxon Mobil by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock worth $10,777,735,000 after purchasing an additional 1,622,064 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after buying an additional 5,538,694 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Exxon Mobil by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,860,532 shares of the oil and gas company's stock worth $3,427,237,000 after buying an additional 700,415 shares during the period. Franklin Resources Inc. increased its position in shares of Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock worth $3,936,929,000 after acquiring an additional 4,415,012 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Exxon Mobil by 2.2% during the 4th quarter. Fisher Asset Management LLC now owns 29,831,569 shares of the oil and gas company's stock valued at $3,208,982,000 after acquiring an additional 634,012 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. HSBC dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, January 31st. TD Cowen lowered their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. reduced their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Finally, Scotiabank decreased their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $129.05.

Exxon Mobil Stock Performance

XOM traded down $0.23 during trading hours on Friday, hitting $117.66. 10,220,644 shares of the stock were exchanged, compared to its average volume of 15,706,266. The stock has a market cap of $510.53 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The stock has a 50-day simple moving average of $110.73 and a 200-day simple moving average of $113.69. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34.

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

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

Insider Transactions at Exxon Mobil

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

Exxon Mobil 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.