JARISLOWSKY FRASER Ltd Acquires 3,628 Shares of Exxon Mobil Co. (NYSE:XOM)

JARISLOWSKY FRASER Ltd increased its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 1.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 291,559 shares of the oil and gas company’s stock after purchasing an additional 3,628 shares during the quarter. JARISLOWSKY FRASER Ltd’s holdings in Exxon Mobil were worth $29,150,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Root Financial Partners LLC boosted its stake in shares of Exxon Mobil by 10.7% during the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 199 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Exxon Mobil by 83.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock worth $149,213,000 after purchasing an additional 575,649 shares during the period. Qsemble Capital Management LP lifted its position in shares of Exxon Mobil by 34.3% in the 3rd quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock worth $553,000 after purchasing an additional 1,200 shares during the period. RNC Capital Management LLC increased its stake in Exxon Mobil by 5.5% during the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after purchasing an additional 4,585 shares in the last quarter. Finally, Dupree Financial Group LLC acquired a new position in Exxon Mobil during the 4th quarter valued at approximately $378,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM traded down $0.09 during trading on Monday, hitting $113.42. 12,212,900 shares of the company were exchanged, compared to its average volume of 18,398,029. The company has a market cap of $447.22 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 3.95 and a beta of 0.96. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm’s fifty day moving average price is $117.68 and its 200 day moving average price is $107.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter in the previous year, the firm posted $2.83 earnings per share. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Co. will post 9.57 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.35%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analyst Ratings Changes

A number of brokerages have issued reports on XOM. TD Cowen upped their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Scotiabank increased their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Mizuho lifted their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, Barclays started coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $135.00.

View Our Latest Stock Report on XOM

Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

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

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