Westpac Banking Corp Has $2.21 Million Stock Holdings in Exxon Mobil Corporation $XOM

Westpac Banking Corp boosted its position in Exxon Mobil Corporation (NYSE:XOM) by 455.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,603 shares of the oil and gas company’s stock after acquiring an additional 16,072 shares during the period. Westpac Banking Corp’s holdings in Exxon Mobil were worth $2,210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Exxon Mobil in the second quarter valued at approximately $6,163,719,000. First Trust Advisors LP lifted its stake in shares of Exxon Mobil by 150.2% in the 2nd quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock valued at $819,560,000 after purchasing an additional 4,563,707 shares during the period. Cerity Partners LLC boosted its position in shares of Exxon Mobil by 200.7% in the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock worth $217,162,000 after purchasing an additional 4,015,099 shares during the last quarter. Laurel Wealth Advisors LLC increased its holdings in Exxon Mobil by 10,809.8% in the second quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock valued at $333,652,000 after purchasing an additional 3,066,736 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in Exxon Mobil by 119.4% in the third quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock valued at $301,310,000 after buying an additional 1,454,308 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Down 0.1%

Exxon Mobil stock opened at $149.19 on Thursday. The company has a 50 day moving average of $134.28 and a 200-day moving average of $121.05. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $156.93. The stock has a market capitalization of $621.62 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 15.48 and a beta of 0.39.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The firm had revenue of $80.04 billion during the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.67 EPS. On average, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 3,230 shares of Exxon Mobil stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the sale, the vice president directly owned 20,354 shares in the company, valued at $3,036,409.72. This trade represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 14,230 shares of company stock valued at $1,888,421. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of several analyst reports. TD Cowen boosted their target price on Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Mizuho set a $140.00 price objective on shares of Exxon Mobil in a report on Wednesday, February 4th. Citigroup increased their target price on shares of Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. Royal Bank Of Canada lifted their price target on shares of Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Finally, Piper Sandler lowered their price objective on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $140.59.

About Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.