OVERSEA CHINESE BANKING Corp Ltd Raises Stock Position in Exxon Mobil Co. (NYSE:XOM)

OVERSEA CHINESE BANKING Corp Ltd raised its position in Exxon Mobil Co. (NYSE:XOM) by 185.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,285 shares of the oil and gas company’s stock after buying an additional 10,577 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Exxon Mobil were worth $1,746,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of XOM. Fairway Wealth LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $31,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil during the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil during the fourth quarter worth about $47,000. Finally, Synergy Investment Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on XOM. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Mizuho reduced their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. BMO Capital Markets reduced their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.15.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $115.40 on Thursday. The firm has a market cap of $500.75 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $109.74 and its two-hundred day moving average is $113.59.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the business earned $2.48 EPS. On average, research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.43%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

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.