Exxon Mobil Corporation $XOM Holdings Trimmed by Navera Investment Management Ltd.

Navera Investment Management Ltd. lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 28.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,900 shares of the oil and gas company’s stock after selling 740 shares during the quarter. Navera Investment Management Ltd.’s holdings in Exxon Mobil were worth $205,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in Exxon Mobil by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company’s stock valued at $5,390,318,000 after buying an additional 1,340,343 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Exxon Mobil by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company’s stock valued at $3,850,167,000 after purchasing an additional 512,860 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Exxon Mobil by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after purchasing an additional 2,639,797 shares during the period. Amundi boosted its position in shares of Exxon Mobil by 9.7% in the 1st quarter. Amundi now owns 26,386,120 shares of the oil and gas company’s stock valued at $2,966,598,000 after purchasing an additional 2,329,964 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Exxon Mobil by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company’s stock valued at $3,028,968,000 after purchasing an additional 909,386 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 2,158 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by company insiders.

Exxon Mobil Trading Down 1.8%

Shares of NYSE XOM opened at $110.93 on Friday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $124.26. The firm has a market capitalization of $472.94 billion, a PE ratio of 15.76, a PEG ratio of 2.04 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $111.32 and a two-hundred day moving average price of $109.48.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion during the quarter. As a group, analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

Analysts Set New Price Targets

A number of research firms recently weighed in on XOM. Mizuho decreased their price target on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. TD Cowen increased their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Barclays decreased their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday. UBS Group increased their price target on Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Finally, Melius initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $125.95.

About Exxon Mobil

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.