Exxon Mobil Co. (NYSE:XOM) Shares Sold by ING Groep NV

ING Groep NV lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 824,484 shares of the oil and gas company’s stock after selling 10,083 shares during the period. Exxon Mobil makes up 0.6% of ING Groep NV’s portfolio, making the stock its 28th biggest position. ING Groep NV’s holdings in Exxon Mobil were worth $96,646,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Omnia Family Wealth LLC acquired a new position in Exxon Mobil during the 3rd quarter worth approximately $202,000. Lifeworks Advisors LLC raised its stake in shares of Exxon Mobil by 10.0% during the third quarter. Lifeworks Advisors LLC now owns 8,749 shares of the oil and gas company’s stock valued at $1,026,000 after purchasing an additional 794 shares during the period. Intelligence Driven Advisers LLC boosted its stake in shares of Exxon Mobil by 28.9% in the third quarter. Intelligence Driven Advisers LLC now owns 3,370 shares of the oil and gas company’s stock valued at $395,000 after purchasing an additional 756 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in Exxon Mobil by 3.2% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 186,871 shares of the oil and gas company’s stock valued at $21,905,000 after purchasing an additional 5,762 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. lifted its holdings in Exxon Mobil by 1.7% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 213,022 shares of the oil and gas company’s stock worth $24,970,000 after buying an additional 3,618 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Bank of America assumed coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. Mizuho upped their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. TD Cowen lowered their price objective on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, The Goldman Sachs Group boosted their price target on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Trading Up 0.1 %

Shares of NYSE XOM opened at $120.57 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $529.92 billion, a PE ratio of 15.01, a PEG ratio of 5.09 and a beta of 0.90. The business has a 50-day moving average price of $118.21 and a two-hundred day moving average price of $116.38. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the previous year, the company earned $2.27 earnings per share. The company’s revenue was down .8% compared to the same quarter last year. As a group, analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.28%. Exxon Mobil’s dividend payout ratio is 47.32%.

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.