Exxon Mobil Corporation $XOM Stake Boosted by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 8.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,236 shares of the oil and gas company’s stock after purchasing an additional 808 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Exxon Mobil were worth $1,103,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in XOM. Graybill Wealth Management LTD. bought a new position in shares of Exxon Mobil during the first quarter valued at approximately $29,000. Elequin Capital LP bought a new position in shares of Exxon Mobil during the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC grew its holdings in shares of Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new position in shares of Exxon Mobil during the second quarter valued at approximately $38,000. 61.80% of the stock is owned by institutional investors.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on 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 owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of a number of recent analyst reports. UBS Group increased their price objective on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Thursday, October 9th. Barclays decreased their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Morgan Stanley increased their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $127.58.

Exxon Mobil Stock Performance

XOM opened at $115.89 on Tuesday. The company has a market capitalization of $494.07 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21. The business has a 50 day moving average price of $112.77 and a two-hundred day moving average price of $109.63.

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

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio is 56.25%.

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.