Sava Infond d.o.o. Raises Stock Position in Exxon Mobil Corporation $XOM

Sava Infond d.o.o. lifted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 10.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 37,440 shares of the oil and gas company’s stock after buying an additional 3,460 shares during the period. Sava Infond d.o.o.’s holdings in Exxon Mobil were worth $4,036,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Journey Strategic Wealth LLC increased its stake in Exxon Mobil by 6.7% during the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company’s stock worth $2,608,000 after acquiring an additional 1,379 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Exxon Mobil by 52.3% in the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock valued at $45,149,000 after purchasing an additional 131,600 shares during the last quarter. Legacy Trust boosted its holdings in shares of Exxon Mobil by 12.7% in the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company’s stock worth $1,054,000 after purchasing an additional 997 shares during the period. Hartford Funds Management Co LLC increased its position in shares of Exxon Mobil by 51.8% during the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company’s stock valued at $912,000 after purchasing an additional 2,617 shares during the last quarter. Finally, Phoenix Financial Ltd. raised its holdings in Exxon Mobil by 23.9% during the 1st quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company’s stock valued at $11,561,000 after buying an additional 18,752 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $114.18 on Tuesday. The stock has a market cap of $486.78 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. The firm has a 50-day moving average of $111.21 and a two-hundred day moving average of $109.47. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. 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 posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter in the previous year, the firm posted $2.14 earnings per share. The company’s revenue was down 12.4% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio is presently 56.25%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group boosted their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Mizuho cut their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Melius Research assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Finally, TD Cowen increased their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Hold” and a consensus price target of $125.00.

Exxon Mobil Company 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.