Exxon Mobil Co. (NYSE:XOM) Shares Bought by Flossbach Von Storch AG

Flossbach Von Storch AG boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 8.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 572,343 shares of the oil and gas company’s stock after acquiring an additional 43,415 shares during the period. Flossbach Von Storch AG’s holdings in Exxon Mobil were worth $57,223,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC raised its position in shares of Exxon Mobil by 140,855.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after buying an additional 123,254,064 shares during the last quarter. Norges Bank acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $5,226,390,000. Imprint Wealth LLC raised its position in shares of Exxon Mobil by 9,115.2% in the second quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock valued at $1,130,434,000 after buying an additional 11,181,673 shares during the last quarter. Morgan Stanley raised its position in shares of Exxon Mobil by 11.9% in the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after buying an additional 5,566,797 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Exxon Mobil by 10,221.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock valued at $491,678,000 after buying an additional 4,870,115 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 1.2 %

Shares of XOM stock opened at $119.90 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The firm has a market cap of $474.60 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 4.07 and a beta of 0.96. The company has a 50-day moving average of $111.55 and a two-hundred day moving average of $106.33. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.28. The company had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. Exxon Mobil’s revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.40 earnings per share. On average, analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is 42.74%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on XOM shares. Scotiabank increased their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. TD Cowen increased their target price on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. UBS Group increased their target price on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, Mizuho restated a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, April 4th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Profile

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.