Flossbach Von Storch SE Has $36.25 Million Holdings in Exxon Mobil Corporation $XOM

Flossbach Von Storch SE trimmed its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 4.2% in the third quarter, Holdings Channel reports. The institutional investor owned 321,523 shares of the oil and gas company’s stock after selling 14,161 shares during the period. Flossbach Von Storch SE’s holdings in Exxon Mobil were worth $36,252,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. TD Waterhouse Canada Inc. increased its stake in Exxon Mobil by 4.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 210,105 shares of the oil and gas company’s stock worth $23,342,000 after acquiring an additional 8,110 shares during the period. Crumly & Associates Inc. bought a new position in shares of Exxon Mobil in the third quarter worth $286,000. one8zero8 LLC increased its position in shares of Exxon Mobil by 2.4% in the third quarter. one8zero8 LLC now owns 36,899 shares of the oil and gas company’s stock worth $4,160,000 after purchasing an additional 869 shares during the period. Coastal Bridge Advisors LLC raised its stake in Exxon Mobil by 0.8% in the third quarter. Coastal Bridge Advisors LLC now owns 149,454 shares of the oil and gas company’s stock valued at $16,851,000 after purchasing an additional 1,117 shares in the last quarter. Finally, AustralianSuper Pty Ltd bought a new stake in Exxon Mobil during the third quarter worth about $19,942,000. 61.80% of the stock is currently owned by institutional investors.

Key Headlines Impacting Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

Wall Street Analysts Forecast Growth

Several research firms have commented on XOM. Citigroup raised their target price on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Sanford C. Bernstein decreased their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Mizuho boosted their price objective on shares of Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Wells Fargo & Company raised their target price on Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Finally, Zacks Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.74.

Read Our Latest Research Report on XOM

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the transaction, the vice president owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $137.70 on Thursday. The firm’s fifty day moving average price is $121.84 and its two-hundred day moving average price is $115.74. The stock has a market cap of $580.69 billion, a PE ratio of 20.01, a PEG ratio of 8.92 and a beta of 0.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $138.01.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.16. The company had revenue of $83.33 billion during the quarter, compared to analysts’ expectations of $83.09 billion. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.Exxon Mobil’s revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.92 EPS. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. Exxon Mobil’s payout ratio is 59.88%.

Exxon Mobil Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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