DNB Asset Management AS Purchases 64,822 Shares of Exxon Mobil Corporation $XOM

DNB Asset Management AS boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,017,586 shares of the oil and gas company’s stock after acquiring an additional 64,822 shares during the period. DNB Asset Management AS’s holdings in Exxon Mobil were worth $109,696,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of XOM. Entropy Technologies LP bought a new position in Exxon Mobil in the 2nd quarter valued at $4,990,000. Swiss National Bank increased its holdings in shares of Exxon Mobil by 5.6% in the second quarter. Swiss National Bank now owns 13,093,118 shares of the oil and gas company’s stock worth $1,411,438,000 after purchasing an additional 697,300 shares during the period. Personal CFO Solutions LLC raised its position in shares of Exxon Mobil by 3.1% in the second quarter. Personal CFO Solutions LLC now owns 30,166 shares of the oil and gas company’s stock worth $3,252,000 after buying an additional 905 shares in the last quarter. Willis Investment Counsel boosted its stake in Exxon Mobil by 8.2% during the second quarter. Willis Investment Counsel now owns 227,789 shares of the oil and gas company’s stock valued at $24,556,000 after buying an additional 17,246 shares during the period. Finally, Private Harbour Investment Management & Counsel LLC grew its position in Exxon Mobil by 2.2% during the second quarter. Private Harbour Investment Management & Counsel LLC now owns 44,863 shares of the oil and gas company’s stock worth $4,836,000 after buying an additional 957 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.3%

Shares of NYSE XOM opened at $117.04 on Friday. The stock has a market capitalization of $493.57 billion, a P/E ratio of 16.62, a PEG ratio of 2.06 and a beta of 0.49. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. The firm’s 50 day simple moving average is $114.59 and its two-hundred day simple moving average is $110.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $57.55 billion during the quarter. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s payout ratio is 59.88%.

Analyst Ratings Changes

XOM has been the topic of several recent analyst reports. Melius assumed coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Melius Research started coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Mizuho cut their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Wells Fargo & Company began coverage on shares of Exxon Mobil in a report on Friday, October 17th. They issued an “overweight” rating and a $156.00 price target on the stock. Finally, Piper Sandler lifted their price objective on shares of Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.67.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.