Loudon Investment Management LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,917 shares of the oil and gas company’s stock after purchasing an additional 540 shares during the quarter. Loudon Investment Management LLC’s holdings in Exxon Mobil were worth $1,180,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in XOM. State Street Corp increased its stake in Exxon Mobil by 2.5% during the 4th quarter. State Street Corp now owns 202,281,808 shares of the oil and gas company’s stock valued at $14,115,225,000 after purchasing an additional 5,019,413 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Exxon Mobil during the 4th quarter valued at $190,392,000. Charles Schwab Investment Management Inc. increased its stake in Exxon Mobil by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,061,044 shares of the oil and gas company’s stock valued at $2,027,880,000 after purchasing an additional 1,297,401 shares in the last quarter. Bank of Montreal Can increased its stake in Exxon Mobil by 25.6% during the 4th quarter. Bank of Montreal Can now owns 5,032,511 shares of the oil and gas company’s stock valued at $351,170,000 after purchasing an additional 1,026,438 shares in the last quarter. Finally, Johanson Financial Advisors Inc. increased its stake in Exxon Mobil by 7,172.8% during the 4th quarter. Johanson Financial Advisors Inc. now owns 907,501 shares of the oil and gas company’s stock valued at $13,008,000 after purchasing an additional 895,023 shares in the last quarter. Institutional investors and hedge funds own 55.59% of the company’s stock.
Exxon Mobil stock traded up $2.71 during trading on Wednesday, hitting $38.15. The stock had a trading volume of 34,123,320 shares, compared to its average volume of 52,199,912. The stock’s 50 day moving average is $50.80 and its two-hundred day moving average is $64.68. Exxon Mobil Co. has a 1 year low of $30.11 and a 1 year high of $83.49. The stock has a market cap of $133.10 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 8.43 and a beta of 1.10. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 0.13.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 11th were paid a dividend of $0.87 per share. The ex-dividend date was Monday, February 10th. This represents a $3.48 annualized dividend and a dividend yield of 9.12%. Exxon Mobil’s payout ratio is 154.67%.
XOM has been the subject of a number of recent research reports. DZ Bank lowered shares of Exxon Mobil from a “hold” rating to a “sell” rating and set a price target for the company. in a research note on Tuesday, February 4th. Bank of America reduced their target price on shares of Exxon Mobil from $99.00 to $98.00 and set a “buy” rating for the company in a research note on Friday, March 6th. JPMorgan Chase & Co. reduced their target price on shares of Exxon Mobil from $64.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. Barclays reissued a “hold” rating and set a $67.00 price target on shares of Exxon Mobil in a research report on Thursday, January 30th. Finally, CSFB restated a “neutral” rating and set a $48.00 price target on shares of Exxon Mobil in a report on Thursday, March 12th. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $59.40.
In other news, CEO Darren W. Woods bought 2,858 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average price of $60.53 per share, with a total value of $172,994.74. Following the acquisition, the chief executive officer now owns 818,032 shares of the company’s stock, valued at approximately $49,515,476.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William C. Weldon acquired 4,591 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was acquired at an average price of $43.56 per share, for a total transaction of $199,983.96. Following the transaction, the director now directly owns 30,947 shares of the company’s stock, valued at approximately $1,348,051.32. The disclosure for this purchase can be found here. In the last three months, insiders purchased 41,629 shares of company stock valued at $1,666,295. 0.05% of the stock is currently owned by insiders.
Exxon Mobil Profile
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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