Siemens Fonds Invest GmbH Increases Holdings in Exxon Mobil Corporation $XOM

Siemens Fonds Invest GmbH increased its position in Exxon Mobil Corporation (NYSE:XOMFree Report) by 127.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,101 shares of the oil and gas company’s stock after buying an additional 33,657 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Exxon Mobil were worth $6,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Exxon Mobil during the second quarter worth approximately $6,163,719,000. First Trust Advisors LP boosted its stake in shares of 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 purchasing an additional 4,563,707 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Exxon Mobil by 200.7% in the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock valued at $217,162,000 after purchasing an additional 4,015,099 shares in the last quarter. Laurel Wealth Advisors LLC grew its holdings in shares of Exxon Mobil by 10,809.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock valued at $333,652,000 after purchasing an additional 3,066,736 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Exxon Mobil by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after purchasing an additional 2,660,910 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.8%

NYSE:XOM opened at $156.29 on Friday. The firm has a market capitalization of $651.20 billion, a P/E ratio of 23.36, a P/E/G ratio of 1.26 and a beta of 0.35. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $141.99 and a 200 day moving average of $124.59. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $159.60.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The business had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 EPS. On average, research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were paid a $1.03 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, the vice president owned 23,584 shares in the company, valued at $3,295,864. The trade was a 17.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 16,380 shares of company stock worth $2,227,734. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent research reports. Bank of America boosted their price target on shares of Exxon Mobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. Piper Sandler raised their price objective on Exxon Mobil from $145.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday. Jefferies Financial Group lifted their price objective on Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Zacks Research raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $146.00.

View Our Latest Research Report on Exxon Mobil

Key Exxon Mobil News

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Exxon Mobil 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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