ING Groep NV Acquires 134,851 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• ING Groep NV increased its stake in Exxon Mobil by 25.6%, owning 660,699 shares valued at approximately $78.58 million after purchasing an additional 134,851 shares during the first quarter.
• Exxon Mobil recently declared a quarterly dividend of $0.99, equating to an annual yield of 3.6%, with a payout ratio of 56.25%.
• Analysts have mixed ratings on Exxon Mobil, with current averages showing a Moderate Buy rating and a target price of $125.42.

ING Groep NV grew its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 25.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 660,699 shares of the oil and gas company's stock after acquiring an additional 134,851 shares during the quarter. ING Groep NV's holdings in Exxon Mobil were worth $78,577,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of XOM. 10Elms LLP bought a new stake in Exxon Mobil during the fourth quarter worth about $25,000. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil during the first quarter worth about $29,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $32,000. Cloud Capital Management LLC acquired a new position in shares of Exxon Mobil in the first quarter valued at approximately $45,000. Finally, Clarity Asset Management Inc. increased its stake in shares of Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares during the period. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

XOM traded down $0.22 during trading hours on Tuesday, hitting $107.15. The stock had a trading volume of 21,311,773 shares, compared to its average volume of 15,124,150. The company's fifty day simple moving average is $109.64 and its 200 day simple moving average is $109.07. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The stock has a market cap of $461.78 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 2.01 and a beta of 0.53. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same quarter last year, the firm posted $2.14 EPS. The firm's revenue for the quarter was down 12.4% on a year-over-year basis. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.7%. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on XOM shares. Morgan Stanley upped their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. TD Cowen increased their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $125.26.

About Exxon Mobil

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.