Exxon Mobil Corporation $XOM Shares Purchased by Ameriflex Group Inc.

Key Points

• Ameriflex Group Inc. increased its holdings in Exxon Mobil by 67.4% during the first quarter, owning 14,972 shares valued at approximately $1.78 million.
• A number of institutional investors significantly modified their positions in Exxon Mobil, including Nuveen LLC acquiring a new position worth $2.73 billion and GQG Partners LLC increasing its stake by over 15,000%.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, which translates to an annual yield of 3.5%, with a payout ratio of 56.25%.

Ameriflex Group Inc. raised its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 67.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,972 shares of the oil and gas company's stock after acquiring an additional 6,027 shares during the period. Exxon Mobil makes up approximately 0.7% of Ameriflex Group Inc.'s holdings, making the stock its 27th biggest holding. Ameriflex Group Inc.'s holdings in Exxon Mobil were worth $1,781,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of XOM. Nuveen LLC purchased a new position in shares of Exxon Mobil during the first quarter worth $2,730,414,000. GQG Partners LLC grew its position in Exxon Mobil by 15,135.7% during the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock valued at $1,197,753,000 after buying an additional 10,004,975 shares during the period. GAMMA Investing LLC grew its position in shares of Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after purchasing an additional 9,391,614 shares during the period. Ameriprise Financial Inc. grew its position in shares of Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock valued at $3,213,848,000 after purchasing an additional 2,639,797 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Exxon Mobil during the fourth quarter worth about $240,653,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on XOM shares. Mizuho lowered their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Melius Research initiated 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. Melius initiated 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, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of "Hold" and an average price target of $125.00.

Exxon Mobil Stock Performance

Exxon Mobil stock traded up $0.55 during trading hours on Thursday, reaching $112.46. 12,862,646 shares of the stock were exchanged, compared to its average volume of 16,618,688. The firm's 50 day moving average is $110.41 and its 200 day moving average is $109.10. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a market cap of $479.46 billion, a P/E ratio of 15.98, a P/E/G ratio of 2.13 and a beta of 0.57. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

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

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.99 per share. The ex-dividend date is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil's payout ratio is 56.25%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company's stock.

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.