Banco de Sabadell S.A lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 56.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,985 shares of the oil and gas company’s stock after buying an additional 12,236 shares during the period. Banco de Sabadell S.A’s holdings in Exxon Mobil were worth $2,891,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of XOM. C WorldWide Group Holding A S purchased a new position in shares of Exxon Mobil during the third quarter worth $363,290,000. Bessemer Group Inc. raised its holdings in shares of Exxon Mobil by 95.4% during the third quarter. Bessemer Group Inc. now owns 4,077,070 shares of the oil and gas company’s stock worth $346,633,000 after purchasing an additional 1,990,144 shares during the last quarter. Royal London Asset Management Ltd. purchased a new position in shares of Exxon Mobil during the second quarter worth $151,929,000. Bank of Montreal Can raised its holdings in shares of Exxon Mobil by 36.4% during the third quarter. Bank of Montreal Can now owns 5,317,473 shares of the oil and gas company’s stock worth $452,092,000 after purchasing an additional 1,420,065 shares during the last quarter. Finally, Levin Capital Strategies L.P. raised its holdings in shares of Exxon Mobil by 2,293.0% during the second quarter. Levin Capital Strategies L.P. now owns 854,667 shares of the oil and gas company’s stock worth $70,707,000 after purchasing an additional 818,951 shares during the last quarter. Institutional investors and hedge funds own 53.62% of the company’s stock.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of Exxon Mobil stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $72.84, for a total value of $1,092,600.00. Following the completion of the transaction, the vice president now owns 223,461 shares of the company’s stock, valued at $16,276,899.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is currently owned by insiders.
XOM opened at $80.44 on Friday. Exxon Mobil Co. has a fifty-two week low of $64.65 and a fifty-two week high of $87.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.84 and a quick ratio of 0.51. The firm has a market capitalization of $339.00 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.19 and a beta of 0.91.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.43. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.84%. The company had revenue of $71.90 billion during the quarter, compared to analysts’ expectations of $78.87 billion. During the same quarter in the previous year, the company earned $0.88 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 4.07 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 11th were issued a $0.82 dividend. The ex-dividend date of this dividend was Friday, February 8th. This represents a $3.28 dividend on an annualized basis and a yield of 4.08%. Exxon Mobil’s payout ratio is 66.53%.
Several research analysts recently issued reports on the stock. Wells Fargo & Co set a $76.00 target price on shares of Exxon Mobil and gave the stock a “hold” rating in a report on Friday, March 8th. Cowen cut shares of Exxon Mobil from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $100.00 to $75.00 in a report on Friday, March 8th. Bank of America set a $105.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a report on Thursday, March 7th. Mizuho set a $84.00 target price on shares of Exxon Mobil and gave the stock a “hold” rating in a report on Thursday, March 7th. Finally, Royal Bank of Canada raised their target price on shares of Exxon Mobil to $100.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $84.52.
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About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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