Exxon Mobil Corporation $XOM Shares Acquired by Iowa State Bank

Iowa State Bank boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 18.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,109 shares of the oil and gas company’s stock after purchasing an additional 10,350 shares during the quarter. Exxon Mobil makes up approximately 1.4% of Iowa State Bank’s holdings, making the stock its 20th largest position. Iowa State Bank’s holdings in Exxon Mobil were worth $7,341,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in XOM. Vanguard Group Inc. boosted its holdings in shares of Exxon Mobil by 0.3% during the second quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock valued at $46,468,147,000 after acquiring an additional 1,111,231 shares during the period. Geode Capital Management LLC boosted its stake in Exxon Mobil by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock valued at $10,345,132,000 after purchasing an additional 342,967 shares during the period. Norges Bank bought a new position in Exxon Mobil in the 2nd quarter worth about $6,163,719,000. Bank of New York Mellon Corp increased its stake in shares of Exxon Mobil by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock valued at $5,023,298,000 after purchasing an additional 1,274,860 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Exxon Mobil by 3.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock valued at $3,611,553,000 after buying an additional 1,126,912 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction on Monday, December 15th. The stock was sold at an average price of $118.75, for a total value of $356,250.00. Following the transaction, the vice president directly owned 31,584 shares in the company, valued at $3,750,600. The trade was a 8.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XOM. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Morgan Stanley raised their price target on Exxon Mobil from $135.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. BNP Paribas Exane raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price objective for the company in a report on Monday, December 8th. Melius Research began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Exxon Mobil in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $129.45.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $114.77 on Wednesday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $120.81. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The stock has a market cap of $484.00 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 7.42 and a beta of 0.38. The company’s 50-day moving average price is $115.68 and its two-hundred day moving average price is $112.48.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $57.55 billion during the quarter. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were given a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil’s payout ratio is currently 59.88%.

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.