BI Asset Management Fondsmaeglerselskab A S Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)
BI Asset Management Fondsmaeglerselskab A S grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 11.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 401,359 shares of the oil and gas company’s stock after acquiring an additional 41,854 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Exxon Mobil were worth $15,240,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of XOM. TFO TDC LLC purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $25,000. Gs Investments Inc. lifted its stake in shares of Exxon Mobil by 543.5% during the fourth quarter. Gs Investments Inc. now owns 444 shares of the oil and gas company’s stock worth $37,000 after buying an additional 375 shares during the period. PrairieView Partners LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth $37,000. Evolution Wealth Advisors LLC grew its holdings in shares of Exxon Mobil by 299.3% during the fourth quarter. Evolution Wealth Advisors LLC now owns 575 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 431 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 54.84% of the company’s stock.
Exxon Mobil stock traded up $0.04 during trading on Friday, reaching $44.60. The company had a trading volume of 15,309,468 shares, compared to its average volume of 26,257,626. The firm has a market capitalization of $188.41 billion, a PE ratio of 16.70 and a beta of 1.34. The firm’s 50-day simple moving average is $43.01 and its 200 day simple moving average is $56.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.78. Exxon Mobil Co. has a 1-year low of $30.11 and a 1-year high of $77.93.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 13th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 7.80%. The ex-dividend date of this dividend is Tuesday, May 12th. Exxon Mobil’s payout ratio is 154.67%.
In other Exxon Mobil news, VP Neil W. Duffin bought 30,000 shares of the stock in a transaction on Wednesday, March 18th. The shares were bought at an average price of $36.41 per share, with a total value of $1,092,300.00. Following the purchase, the vice president now directly owns 571,150 shares in the company, valued at approximately $20,795,571.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William C. Weldon bought 4,591 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were acquired at an average cost of $43.56 per share, with a total value of $199,983.96. Following the acquisition, the director now directly owns 30,947 shares of the company’s stock, valued at $1,348,051.32. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 38,771 shares of company stock valued at $1,493,300. 0.05% of the stock is owned by company insiders.
A number of analysts have commented on the company. CSFB reaffirmed a “neutral” rating and set a $48.00 price target on shares of Exxon Mobil in a research report on Thursday, March 12th. Citigroup decreased their target price on Exxon Mobil from $68.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, March 6th. UBS Group raised their price target on shares of Exxon Mobil from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Royal Bank of Canada restated a “sell” rating and set a $42.00 price objective on shares of Exxon Mobil in a research note on Friday, May 1st. Finally, Credit Suisse Group increased their price objective on shares of Exxon Mobil from $37.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Six research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the company. Exxon Mobil has an average rating of “Hold” and an average price target of $56.65.
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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