Exxon Mobil Corporation $XOM Shares Purchased by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its stake in Exxon Mobil by 2.6% in Q2, now holding over 1 million shares worth approximately $111.8 million.
• Exxon Mobil recently announced a quarterly dividend of $0.99, resulting in an annual yield of 3.5%.
• Analysts have set a consensus target price of $127.58 for Exxon Mobil, with ratings ranging from "Strong Buy" to "Hold."

Nordea Investment Management AB grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,028,776 shares of the oil and gas company's stock after acquiring an additional 25,604 shares during the period. Nordea Investment Management AB's holdings in Exxon Mobil were worth $111,777,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of XOM. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $29,000. Elequin Capital LP bought a new position in Exxon Mobil during the first quarter worth $31,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 238 shares during the period. Game Plan Financial Advisors LLC increased its stake in Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of Exxon Mobil during the second quarter worth $38,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.03% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $112.20 on Friday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm has a market capitalization of $478.34 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 2.02 and a beta of 0.51. The business has a 50 day simple moving average of $111.83 and a 200 day simple moving average of $109.19.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion during the quarter. On average, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio is currently 56.25%.

Analysts Set New Price Targets

XOM has been the subject of several research reports. Wells Fargo & Company started coverage on shares of Exxon Mobil in a report on Friday. They issued an "overweight" rating and a $156.00 price target for the company. Barclays decreased their target price on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research note on Tuesday, October 7th. Melius Research began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Finally, TD Cowen upped their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and a consensus target price of $127.58.

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.

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