Coastline Trust Co Acquires 415 Shares of Exxon Mobil Co. (NYSE:XOM)

Coastline Trust Co boosted its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,561 shares of the oil and gas company’s stock after acquiring an additional 415 shares during the quarter. Coastline Trust Co’s holdings in Exxon Mobil were worth $661,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. FMR LLC boosted its position in Exxon Mobil by 14.9% in the second quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock valued at $11,573,746,000 after buying an additional 17,521,080 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Exxon Mobil by 1,505.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company’s stock valued at $833,291,000 after buying an additional 9,124,095 shares in the last quarter. Great West Life Assurance Co. Can acquired a new position in Exxon Mobil in the third quarter valued at about $347,253,000. Legal & General Group Plc boosted its position in Exxon Mobil by 14.3% in the second quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock valued at $2,144,479,000 after buying an additional 3,131,617 shares in the last quarter. Finally, HighTower Trust Company N.A. acquired a new position in Exxon Mobil in the third quarter valued at about $237,316,000. Institutional investors own 57.49% of the company’s stock.

Exxon Mobil Stock Up 0.9 %

Shares of NYSE:XOM opened at $113.81 on Wednesday. Exxon Mobil Co. has a 52 week low of $71.39 and a 52 week high of $126.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.34. The company has a market capitalization of $468.70 billion, a PE ratio of 9.29, a PEG ratio of 0.48 and a beta of 1.11. The company has a 50 day moving average price of $109.54 and a two-hundred day moving average price of $101.20.

Exxon Mobil (NYSE:XOMGet Rating) last issued its earnings results on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, beating the consensus estimate of $3.88 by $0.57. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The firm had revenue of $112.07 billion during the quarter, compared to the consensus estimate of $102.96 billion. During the same quarter in the prior year, the firm earned $1.58 earnings per share. The business’s quarterly revenue was up 51.9% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 13.92 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th were given a dividend of $0.91 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.88. The ex-dividend date was Monday, November 14th. This represents a $3.64 annualized dividend and a dividend yield of 3.20%. Exxon Mobil’s dividend payout ratio is currently 29.71%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Friday, December 9th. The shares were sold at an average price of $105.00, for a total transaction of $262,500.00. Following the completion of the sale, the vice president now owns 34,272 shares of the company’s stock, valued at $3,598,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Cowen boosted their price target on shares of Exxon Mobil to $108.00 in a research report on Friday, November 4th. Jefferies Financial Group upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and upped their target price for the stock from $90.00 to $133.00 in a research report on Wednesday, October 19th. Morgan Stanley upped their target price on shares of Exxon Mobil from $113.00 to $114.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 19th. Piper Sandler reduced their target price on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a research report on Monday, December 19th. Finally, Barclays upped their target price on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.35.

Exxon Mobil Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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

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