Tredje AP fonden boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 373,344 shares of the oil and gas company’s stock after buying an additional 1,274 shares during the period. Exxon Mobil Corporation makes up approximately 1.2% of Tredje AP fonden’s holdings, making the stock its 6th largest position. Tredje AP fonden’s holdings in Exxon Mobil Corporation were worth $30,618,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. purchased a new position in Exxon Mobil Corporation during the fourth quarter worth $101,000. Horan Securities Inc. purchased a new position in Exxon Mobil Corporation during the first quarter worth $102,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Exxon Mobil Corporation by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after buying an additional 220 shares in the last quarter. Cordasco Financial Network increased its position in Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after buying an additional 15 shares in the last quarter. Finally, Diversified Portfolios Inc. bought a new position in Exxon Mobil Corporation during the first quarter valued at approximately $224,000. 50.77% of the stock is currently owned by institutional investors.
Exxon Mobil Corporation (NYSE:XOM) opened at 76.64 on Friday. The stock has a 50 day moving average price of $79.94 and a 200 day moving average price of $81.47. The firm has a market cap of $324.73 billion, a PE ratio of 27.63 and a beta of 0.81. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio is presently 111.19%.
XOM has been the topic of several recent research reports. Morgan Stanley reaffirmed a “sell” rating and issued a $85.00 price objective on shares of Exxon Mobil Corporation in a research note on Monday, April 24th. UBS AG set a $77.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a research note on Tuesday, April 25th. Royal Bank Of Canada reiterated a “buy” rating and set a $96.00 target price on shares of Exxon Mobil Corporation in a research report on Tuesday, April 25th. BMO Capital Markets reiterated a “hold” rating and set a $76.00 target price on shares of Exxon Mobil Corporation in a research report on Friday, April 28th. Finally, Scotiabank set a $85.00 target price on Exxon Mobil Corporation and gave the stock a “hold” rating in a research report on Monday, May 1st. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $84.94.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction that occurred 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 sale, the director now owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by insiders.
About Exxon Mobil Corporation
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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