17,554 Shares in ExxonMobil Corporation $XOM Acquired by Oslo Pensjonsforsikring AS

Oslo Pensjonsforsikring AS purchased a new position in shares of ExxonMobil Corporation (NYSE:XOMFree Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 17,554 shares of the oil and gas company’s stock, valued at approximately $2,978,000. ExxonMobil makes up 0.5% of Oslo Pensjonsforsikring AS’s portfolio, making the stock its 21st largest position.

A number of other large investors also recently modified their holdings of XOM. Mathes Company Inc. raised its holdings in shares of ExxonMobil by 15.0% in the 1st quarter. Mathes Company Inc. now owns 5,375 shares of the oil and gas company’s stock valued at $912,000 after purchasing an additional 700 shares in the last quarter. HORAN Wealth LLC grew its stake in shares of ExxonMobil by 1.3% during the first quarter. HORAN Wealth LLC now owns 13,585 shares of the oil and gas company’s stock worth $2,305,000 after purchasing an additional 176 shares in the last quarter. Baader Bank Aktiengesellschaft increased its holdings in ExxonMobil by 188.5% in the first quarter. Baader Bank Aktiengesellschaft now owns 84,673 shares of the oil and gas company’s stock valued at $14,209,000 after buying an additional 55,325 shares during the last quarter. DJE Kapital AG increased its holdings in ExxonMobil by 156.4% in the first quarter. DJE Kapital AG now owns 81,643 shares of the oil and gas company’s stock valued at $13,907,000 after buying an additional 49,800 shares during the last quarter. Finally, Burling Wealth Partners LLC raised its stake in ExxonMobil by 5.0% in the first quarter. Burling Wealth Partners LLC now owns 38,708 shares of the oil and gas company’s stock valued at $6,567,000 after buying an additional 1,838 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

Analyst Upgrades and Downgrades

A number of analysts have issued reports on XOM shares. JPMorgan Chase & Co. lifted their price target on ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Zacks Research lowered ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Mizuho decreased their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Scotiabank upped their price target on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Finally, UBS Group increased their price target on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $163.25.

Read Our Latest Research Report on XOM

ExxonMobil Stock Down 0.0%

XOM opened at $156.88 on Friday. The business’s 50-day simple moving average is $145.91 and its 200-day simple moving average is $147.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. ExxonMobil Corporation has a one year low of $105.53 and a one year high of $176.41. The stock has a market capitalization of $650.28 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 0.65 and a beta of 0.17.

ExxonMobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. The business had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.76 EPS. Analysts anticipate that ExxonMobil Corporation will post 11.28 EPS for the current year.

ExxonMobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio is presently 69.48%.

ExxonMobil Company Profile

(Free Report)

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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