Johnson Financial Group LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,836 shares of the oil and gas company’s stock, valued at approximately $1,827,000. Exxon Mobil accounts for 1.2% of Johnson Financial Group LLC’s investment portfolio, making the stock its 8th largest position.

Several other large investors have also modified their holdings of XOM. FMR LLC lifted its stake in shares of Exxon Mobil by 6.8% in the 1st quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock worth $3,859,642,000 after purchasing an additional 3,038,704 shares during the period. Thoroughbred Financial Services LLC lifted its stake in shares of Exxon Mobil by 7,471.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock worth $177,180,000 after purchasing an additional 1,748,402 shares during the period. Nomura Holdings Inc. lifted its stake in shares of Exxon Mobil by 224.9% in the 4th quarter. Nomura Holdings Inc. now owns 449,349 shares of the oil and gas company’s stock worth $31,259,000 after purchasing an additional 809,199 shares during the period. Inlet Private Wealth LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth approximately $48,697,000. Finally, Royal London Asset Management Ltd. lifted its stake in shares of Exxon Mobil by 31.8% in the 4th quarter. Royal London Asset Management Ltd. now owns 2,433,662 shares of the oil and gas company’s stock worth $165,903,000 after purchasing an additional 587,387 shares during the period. Hedge funds and other institutional investors own 54.48% of the company’s stock.

XOM traded up $0.62 during trading on Wednesday, reaching $69.65. 705,382 shares of the company traded hands, compared to its average volume of 12,380,931. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36. The firm has a fifty day simple moving average of $73.57 and a 200 day simple moving average of $76.76. The company has a market cap of $288.98 billion, a P/E ratio of 14.13, a PEG ratio of 1.97 and a beta of 0.97.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The business had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. During the same period last year, the firm posted $0.92 EPS. The company’s revenue was down 6.0% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Co. will post 3.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 70.59%.

In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the sale, the vice president now directly owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.05% of the company’s stock.

Several brokerages have recently weighed in on XOM. Morgan Stanley lowered their price objective on shares of Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Friday, July 12th. BMO Capital Markets started coverage on shares of Exxon Mobil in a report on Tuesday. They issued a “market perform” rating and a $86.00 target price for the company. Zacks Investment Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price for the company. in a report on Monday, July 22nd. Bank of America reissued a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. set a $83.00 target price on shares of Exxon Mobil and gave the stock a “hold” rating in a report on Sunday, August 4th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $82.35.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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

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