Exxon Mobil Co. (NYSE:XOM) Shares Bought by Osaic Holdings Inc.

Osaic Holdings Inc. raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 273.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,270,987 shares of the oil and gas company’s stock after acquiring an additional 5,325,236 shares during the quarter. Osaic Holdings Inc. owned approximately 0.18% of Exxon Mobil worth $209,848,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KB Financial Partners LLC purchased a new stake in Exxon Mobil during the 1st quarter valued at about $27,000. Financial Connections Group Inc. boosted its holdings in shares of Exxon Mobil by 105.4% during the 2nd quarter. Financial Connections Group Inc. now owns 306 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 157 shares during the last quarter. Trivant Custom Portfolio Group LLC acquired a new position in Exxon Mobil during the first quarter worth $38,000. Country Trust Bank grew its holdings in Exxon Mobil by 64.1% in the 2nd quarter. Country Trust Bank now owns 384 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 150 shares in the last quarter. Finally, FWL Investment Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth $43,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Exxon Mobil Stock Down 0.0 %

Shares of NYSE XOM traded down $0.05 during midday trading on Monday, hitting $104.91. 5,735,588 shares of the company’s stock were exchanged, compared to its average volume of 16,891,416. The firm’s fifty day simple moving average is $110.60 and its 200-day simple moving average is $108.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.42 and a quick ratio of 1.08. The company has a market cap of $415.75 billion, a PE ratio of 10.52, a P/E/G ratio of 3.72 and a beta of 1.07. Exxon Mobil Co. has a twelve month low of $98.02 and a twelve month high of $120.70.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $2.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.09). Exxon Mobil had a net margin of 11.56% and a return on equity of 20.72%. The company had revenue of $90.76 billion during the quarter, compared to analyst estimates of $93.41 billion. During the same quarter in the previous year, the company posted $4.45 EPS. The company’s quarterly revenue was down 19.0% on a year-over-year basis. Research analysts predict that Exxon Mobil Co. will post 9.3 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.95 per share. The ex-dividend date is Tuesday, November 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.62%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.91. Exxon Mobil’s payout ratio is 37.74%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Mizuho dropped their price target on shares of Exxon Mobil from $139.00 to $133.00 and set a “buy” rating for the company in a research report on Tuesday, November 14th. Bank of America boosted their target price on Exxon Mobil from $145.00 to $150.00 in a research report on Wednesday, September 27th. Wells Fargo & Company raised their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, September 22nd. StockNews.com began coverage on Exxon Mobil in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, HSBC raised their target price on Exxon Mobil from $110.00 to $116.00 in a report on Wednesday, August 9th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Activity

In other news, Director Jeffrey W. Ubben acquired 250,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was acquired at an average cost of $105.97 per share, with a total value of $26,492,500.00. Following the completion of the acquisition, the director now owns 2,077,000 shares of the company’s stock, valued at $220,099,690. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Jeffrey W. Ubben purchased 250,000 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average price of $105.97 per share, with a total value of $26,492,500.00. Following the completion of the acquisition, the director now directly owns 2,077,000 shares in the company, valued at approximately $220,099,690. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at $3,193,780. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Exxon Mobil Company 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.