Frontier Investment Mgmt Co. Acquires Shares of 237,199 Exxon Mobil Co. (XOM)

Frontier Investment Mgmt Co. purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 237,199 shares of the oil and gas company’s stock, valued at approximately $19,149,000. Exxon Mobil comprises 1.8% of Frontier Investment Mgmt Co.’s portfolio, making the stock its 16th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Exxon Mobil by 3.5% during the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after acquiring an additional 10,366,636 shares during the last quarter. Capital Research Global Investors increased its position in shares of Exxon Mobil by 7.0% during the second quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock valued at $2,548,668,000 after acquiring an additional 2,058,060 shares during the last quarter. Legal & General Group Plc increased its position in shares of Exxon Mobil by 2.7% during the second quarter. Legal & General Group Plc now owns 23,191,344 shares of the oil and gas company’s stock valued at $1,872,300,000 after acquiring an additional 604,537 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Exxon Mobil by 7.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 20,523,456 shares of the oil and gas company’s stock valued at $1,656,859,000 after acquiring an additional 1,406,529 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Exxon Mobil by 2.0% during the second quarter. Ameriprise Financial Inc. now owns 18,460,434 shares of the oil and gas company’s stock valued at $1,490,398,000 after acquiring an additional 353,561 shares during the last quarter. Institutional investors and hedge funds own 51.18% of the company’s stock.

A number of research analysts recently weighed in on XOM shares. TheStreet upgraded shares of Exxon Mobil from a “c” rating to a “b-” rating in a report on Friday, October 27th. Cowen restated a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil in a report on Tuesday, September 19th. Societe Generale set a $95.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a report on Monday, September 18th. Vetr upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $84.87 price objective for the company in a report on Wednesday, September 13th. Finally, Barclays set a $94.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a report on Monday, August 21st. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Exxon Mobil has a consensus rating of “Hold” and an average target price of $86.32.

Exxon Mobil Co. (XOM) opened at $83.03 on Monday. Exxon Mobil Co. has a 12 month low of $76.05 and a 12 month high of $91.67. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The stock has a market cap of $351,679.78, a P/E ratio of 23.31, a P/E/G ratio of 1.74 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. The company had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. During the same quarter in the previous year, the firm earned $0.63 earnings per share. equities research analysts forecast that Exxon Mobil Co. will post 3.65 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 13th were given a dividend of $0.77 per share. The ex-dividend date was Friday, November 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.71%. Exxon Mobil’s dividend payout ratio is presently 100.33%.

In other news, VP Robert N. Schleckser sold 4,877 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $83.37, for a total transaction of $406,595.49. Following the completion of the sale, the vice president now owns 187,663 shares in the company, valued at approximately $15,645,464.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert N. Schleckser sold 5,601 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.93, for a total transaction of $470,091.93. Following the sale, the vice president now owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock valued at $4,273,910 in the last 90 days. Insiders own 0.08% of the company’s stock.

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About Exxon Mobil

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.

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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