Fisher Asset Management LLC Increases Holdings in Exxon Mobil Corporation $XOM

Fisher Asset Management LLC boosted its position in Exxon Mobil Corporation (NYSE:XOM) by 1.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,194,493 shares of the oil and gas company’s stock after buying an additional 340,785 shares during the period. Exxon Mobil makes up approximately 1.3% of Fisher Asset Management LLC’s investment portfolio, making the stock its 20th largest holding. Fisher Asset Management LLC owned 0.74% of Exxon Mobil worth $3,517,179,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $6,163,719,000. First Trust Advisors LP lifted its stake in Exxon Mobil by 150.2% in the 2nd quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock valued at $819,560,000 after buying an additional 4,563,707 shares in the last quarter. Cerity Partners LLC increased its position in Exxon Mobil by 200.7% during the second quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock worth $217,162,000 after purchasing an additional 4,015,099 shares during the last quarter. Laurel Wealth Advisors LLC increased its position in Exxon Mobil by 10,809.8% during the second quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock worth $333,652,000 after purchasing an additional 3,066,736 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in Exxon Mobil by 119.4% during the third quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock worth $301,310,000 after purchasing an additional 1,454,308 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the sale, the vice president directly owned 23,584 shares of the company’s stock, valued at $3,295,864. This represents a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 14,230 shares of company stock valued at $1,888,421. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $152.55 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The firm has a market capitalization of $635.62 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 15.82 and a beta of 0.35. The company has a 50 day moving average price of $135.64 and a 200 day moving average price of $121.77. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $156.93.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. During the same period in the previous year, the company posted $1.67 earnings per share. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.7%. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Citigroup increased their price objective on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Loop Capital set a $123.00 target price on Exxon Mobil in a research report on Tuesday, February 3rd. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research note on Friday, January 16th. Finally, Royal Bank Of Canada raised their price objective on Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Hold” and an average price target of $140.59.

Exxon Mobil Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.