Bessemer Group Inc. Sells 16,924 Shares of Exxon Mobil Co. (NYSE:XOM)

Bessemer Group Inc. decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,057,029 shares of the oil and gas company’s stock after selling 16,924 shares during the period. Bessemer Group Inc.’s holdings in Exxon Mobil were worth $113,368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in XOM. Delta Asset Management LLC TN increased its position in shares of Exxon Mobil by 1.7% during the second quarter. Delta Asset Management LLC TN now owns 53,039 shares of the oil and gas company’s stock worth $5,688,000 after acquiring an additional 892 shares during the period. Davis R M Inc. increased its stake in shares of Exxon Mobil by 2.6% during the second quarter. Davis R M Inc. now owns 344,552 shares of the oil and gas company’s stock valued at $36,953,000 after buying an additional 8,657 shares during the period. Gateway Advisory LLC raised its holdings in shares of Exxon Mobil by 7.6% in the second quarter. Gateway Advisory LLC now owns 31,893 shares of the oil and gas company’s stock valued at $3,421,000 after acquiring an additional 2,250 shares in the last quarter. Payden & Rygel lifted its stake in Exxon Mobil by 1.8% in the second quarter. Payden & Rygel now owns 331,850 shares of the oil and gas company’s stock worth $35,591,000 after acquiring an additional 5,900 shares during the period. Finally, Moran Wealth Management LLC raised its holdings in shares of Exxon Mobil by 0.9% in the 2nd quarter. Moran Wealth Management LLC now owns 333,267 shares of the oil and gas company’s stock valued at $35,743,000 after purchasing an additional 2,981 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Exxon Mobil Trading Down 0.4 %

NYSE XOM opened at $104.50 on Tuesday. Exxon Mobil Co. has a 1 year low of $98.02 and a 1 year high of $120.70. 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 capitalization of $414.12 billion, a PE ratio of 10.38, a P/E/G ratio of 3.72 and a beta of 1.07. The company has a fifty day moving average of $110.40 and a 200 day moving average of $108.04.

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

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Wednesday, November 15th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.64%. The ex-dividend date is Tuesday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.91. Exxon Mobil’s dividend payout ratio (DPR) is currently 37.74%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. UBS Group cut their price objective on shares of Exxon Mobil from $143.00 to $142.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. Wells Fargo & Company lifted their target price on Exxon Mobil from $127.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, September 22nd. Sanford C. Bernstein initiated coverage on shares of Exxon Mobil in a report on Tuesday, October 17th. They issued an “outperform” rating and a $140.00 price target on the stock. Bank of America increased their target price on shares of Exxon Mobil from $145.00 to $150.00 in a research report on Wednesday, September 27th. Finally, HSBC raised their price objective on Exxon Mobil from $110.00 to $116.00 in a research report on Wednesday, August 9th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

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.