BerganKDV Wealth Management LLC increased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,739 shares of the oil and gas company’s stock after buying an additional 762 shares during the period. BerganKDV Wealth Management LLC’s holdings in Exxon Mobil Corporation were worth $1,674,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its position in Exxon Mobil Corporation by 7.9% in the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock valued at $17,695,085,000 after buying an additional 15,740,895 shares in the last quarter. Norges Bank purchased a new position in Exxon Mobil Corporation during the fourth quarter valued at approximately $3,306,084,000. Schwab Charles Investment Management Inc. boosted its position in Exxon Mobil Corporation by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock valued at $1,567,780,000 after buying an additional 1,150,881 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Exxon Mobil Corporation by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock valued at $976,677,000 after buying an additional 51,810 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in Exxon Mobil Corporation by 6.9% in the fourth quarter. Teachers Advisors LLC now owns 7,259,876 shares of the oil and gas company’s stock valued at $655,276,000 after buying an additional 471,230 shares in the last quarter. Institutional investors and hedge funds own 50.77% of the company’s stock.
Shares of Exxon Mobil Corporation (XOM) traded up 0.50% on Friday, reaching $76.64. 14,324,342 shares of the company traded hands. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22. The firm has a market capitalization of $324.73 billion, a P/E ratio of 27.63 and a beta of 0.81. The stock has a 50-day moving average price of $80.06 and a 200 day moving average price of $81.53.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. The firm had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. Analysts anticipate that Exxon Mobil Corporation will post $3.42 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 4.02%. Exxon Mobil Corporation’s payout ratio is 111.19%.
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Several equities analysts have commented on XOM shares. Royal Bank Of Canada reissued a “buy” rating and set a $96.00 target price on shares of Exxon Mobil Corporation in a research report on Tuesday, April 25th. Bank of America Corporation raised shares of Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $95.00 to $100.00 in a research report on Thursday, May 11th. Scotiabank raised shares of Exxon Mobil Corporation from a “sector perform” rating to a “buy” rating and lifted their target price for the stock from $85.00 to $86.00 in a research report on Monday, June 5th. Vetr cut shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 target price on the stock. in a research report on Tuesday, June 6th. Finally, Societe Generale set a $95.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $84.94.
In other news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the sale, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by company insiders.
Exxon Mobil Corporation Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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