Moloney Securities Asset Management LLC boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 11.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,982 shares of the oil and gas company’s stock after buying an additional 3,255 shares during the period. Exxon Mobil Corporation comprises about 1.3% of Moloney Securities Asset Management LLC’s holdings, making the stock its 14th largest position. Moloney Securities Asset Management LLC’s holdings in Exxon Mobil Corporation were worth $2,541,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Norges Bank acquired a new stake in Exxon Mobil Corporation during the fourth quarter valued at approximately $3,306,084,000. Asset Management One Co. Ltd. boosted its stake in shares of Exxon Mobil Corporation by 824.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 7,221,961 shares of the oil and gas company’s stock worth $651,912,000 after buying an additional 6,440,709 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in shares of Exxon Mobil Corporation by 9,075.3% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,034,518 shares of the oil and gas company’s stock worth $1,034,000 after buying an additional 1,023,243 shares during the last quarter. Alkeon Capital Management LLC purchased a new stake in shares of Exxon Mobil Corporation during the fourth quarter worth about $72,935,000. Finally, Aviva PLC boosted its stake in shares of Exxon Mobil Corporation by 18.8% in the fourth quarter. Aviva PLC now owns 3,482,986 shares of the oil and gas company’s stock worth $314,408,000 after buying an additional 552,238 shares during the last quarter. Institutional investors own 50.77% of the company’s stock.
Exxon Mobil Corporation (XOM) traded up 0.50% on Friday, hitting $76.64. The stock had a trading volume of 14,324,342 shares. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22. The firm’s 50-day moving average price is $79.94 and its 200-day moving average price is $81.47. The firm has a market cap of $324.73 billion, a P/E ratio of 27.63 and a beta of 0.81.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.02%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is presently 111.19%.
XOM has been the subject of a number of research reports. Vetr upgraded Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 target price for the company in a report on Monday, June 5th. Societe Generale set a $95.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. Morgan Stanley set a $81.00 price target on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Tuesday, July 11th. UBS AG set a $77.00 price target on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Tuesday, April 25th. Finally, Argus restated a “focus list” rating and issued a $104.00 price target (up previously from $91.00) on shares of Exxon Mobil Corporation in a report on Thursday, May 18th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $84.94.
In other news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the transaction, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.
Exxon Mobil Corporation Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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