Exxon Mobil Corporation (NYSE:XOM) Stock Position Increased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,660,436 shares of the oil and gas company's stock after acquiring an additional 11,000 shares during the quarter. Exxon Mobil comprises about 1.0% of KLP Kapitalforvaltning AS's holdings, making the stock its 14th biggest holding. KLP Kapitalforvaltning AS's holdings in Exxon Mobil were worth $197,476,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in Exxon Mobil by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after purchasing an additional 1,104,617 shares during the last quarter. Norges Bank bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $6,936,737,000. Northern Trust Corp raised its stake in shares of Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after acquiring an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Exxon Mobil by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock worth $5,390,318,000 after acquiring an additional 1,340,343 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research reports. Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. TD Cowen upped their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Exxon Mobil in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $125.42.

Exxon Mobil Trading Up 0.5%

Exxon Mobil stock traded up $0.55 during midday trading on Tuesday, reaching $108.60. 13,966,836 shares of the stock traded hands, compared to its average volume of 15,872,844. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a 50-day simple moving average of $108.66 and a two-hundred day simple moving average of $108.98. The firm has a market cap of $468.04 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 2.01 and a beta of 0.50. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the company earned $2.06 EPS. Research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. Exxon Mobil's payout ratio is 52.52%.

Exxon Mobil 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.