DAVENPORT & Co LLC Has $44.66 Million Stake in Exxon Mobil Co. (NYSE:XOM)

DAVENPORT & Co LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 384,193 shares of the oil and gas company’s stock after purchasing an additional 12,238 shares during the period. DAVENPORT & Co LLC’s holdings in Exxon Mobil were worth $44,656,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of Exxon Mobil by 62.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,120,505 shares of the oil and gas company’s stock valued at $366,909,000 after purchasing an additional 1,196,358 shares during the last quarter. VisionPoint Advisory Group LLC boosted its stake in Exxon Mobil by 49.7% in the third quarter. VisionPoint Advisory Group LLC now owns 1,442 shares of the oil and gas company’s stock valued at $170,000 after acquiring an additional 479 shares during the last quarter. Financial Insights Inc. bought a new stake in shares of Exxon Mobil during the 3rd quarter valued at $619,000. Etfidea LLC boosted its position in shares of Exxon Mobil by 5.4% in the 3rd quarter. Etfidea LLC now owns 2,569 shares of the oil and gas company’s stock worth $302,000 after purchasing an additional 131 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of Exxon Mobil by 60.0% during the third quarter. Sunbelt Securities Inc. now owns 114,634 shares of the oil and gas company’s stock worth $13,479,000 after purchasing an additional 42,975 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on XOM shares. Morgan Stanley restated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Mizuho upped their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. HSBC upped their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Scotiabank lifted their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Finally, Barclays cut their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $134.41.

Exxon Mobil Stock Up 1.2 %

Shares of Exxon Mobil stock traded up $1.33 on Thursday, reaching $113.25. 12,872,779 shares of the company were exchanged, compared to its average volume of 17,934,572. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $114.28 and a 200 day moving average of $110.32. The company has a market capitalization of $446.55 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 4.07 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.83 EPS. On average, equities research analysts forecast that Exxon Mobil Co. will post 9.18 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Exxon Mobil Company Profile

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.