National Pension Service Buys 110,079 Shares of Exxon Mobil Co. (XOM)

National Pension Service raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.2% during the first quarter, Holdings Channel reports. The firm owned 2,756,368 shares of the oil and gas company’s stock after buying an additional 110,079 shares during the period. Exxon Mobil makes up 1.5% of National Pension Service’s investment portfolio, making the stock its 5th largest position. National Pension Service’s holdings in Exxon Mobil were worth $230,708,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its position in shares of Exxon Mobil by 4.3% in the fourth quarter. State Street Corp now owns 200,026,488 shares of the oil and gas company’s stock worth $18,054,385,000 after buying an additional 8,303,490 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Exxon Mobil by 6.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 39,834,252 shares of the oil and gas company’s stock worth $3,476,734,000 after buying an additional 2,530,920 shares during the period. Norges Bank acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $3,306,084,000. Fayez Sarofim & Co. raised its position in shares of Exxon Mobil by 35.3% in the third quarter. Fayez Sarofim & Co. now owns 12,318,584 shares of the oil and gas company’s stock worth $1,075,029,000 after buying an additional 3,211,005 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Exxon Mobil by 6.9% in the fourth quarter. Teachers Advisors LLC now owns 7,259,876 shares of the oil and gas company’s stock worth $655,276,000 after buying an additional 471,230 shares during the period. 51.09% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Shares of Exxon Mobil Co. (XOM) opened at 80.62 on Friday. Exxon Mobil Co. has a 12 month low of $79.26 and a 12 month high of $95.55. The firm’s 50-day moving average price is $81.63 and its 200-day moving average price is $84.08. The firm has a market capitalization of $341.61 billion, a price-to-earnings ratio of 33.63 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 28th. The oil and gas company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.85 by $0.10. Exxon Mobil had a return on equity of 5.56% and a net margin of 3.47%. The firm had revenue of $63.29 billion during the quarter, compared to analysts’ expectations of $64.88 billion. During the same period in the prior year, the firm posted $0.43 earnings per share. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. On average, equities analysts anticipate that Exxon Mobil Co. will post $3.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Friday, May 12th will be given a dividend of $0.77 per share. The ex-dividend date is Wednesday, May 10th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.75. This represents a $3.08 annualized dividend and a yield of 3.82%. Exxon Mobil’s dividend payout ratio is 159.58%.

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A number of research analysts have recently commented on XOM shares. Vetr raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $85.72 price target on the stock in a report on Monday, April 3rd. HSBC Holdings plc reissued a “neutral” rating and set a $85.00 price target on shares of Exxon Mobil in a report on Thursday, April 13th. Argus reissued a “focus list” rating and set a $104.00 price target (up from $91.00) on shares of Exxon Mobil in a report on Thursday, May 18th. Jefferies Group LLC reissued a “neutral” rating and set a $92.00 price target on shares of Exxon Mobil in a report on Thursday, April 6th. Finally, Morgan Stanley reissued a “sell” rating and set a $84.00 price target on shares of Exxon Mobil in a report on Thursday, April 13th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil currently has a consensus rating of “Hold” and a consensus target price of $89.18.

About Exxon Mobil

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “XOM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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