PKO Investment Management Joint Stock Co Buys 11,200 Shares of Exxon Mobil Corporation $XOM

Key Points

• PKO Investment Management Joint Stock Co increased its stake in Exxon Mobil by 13.6%, now holding 93,581 shares worth about $10,088,000, making the stock its 22nd largest position.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share with an annualized yield of 3.4%, signaling a strong dividend payout policy.
• Market analysts have a consensus rating of "Moderate Buy" for Exxon Mobil, with a target price averaging $127.58 per share based on recent reports.

PKO Investment Management Joint Stock Co raised its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 13.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,581 shares of the oil and gas company's stock after purchasing an additional 11,200 shares during the period. Exxon Mobil makes up approximately 1.1% of PKO Investment Management Joint Stock Co's holdings, making the stock its 22nd biggest position. PKO Investment Management Joint Stock Co's holdings in Exxon Mobil were worth $10,088,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Graybill Wealth Management LTD. bought a new position in Exxon Mobil during the first quarter valued at about $29,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of 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 valued at $35,000 after purchasing an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC raised its stake in shares of Exxon Mobil by 1,500.0% in 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 in the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new position in Exxon Mobil in the second quarter worth $38,000. Institutional investors 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 firm's stock in a transaction dated 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 owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Down 0.5%

Shares of XOM opened at $115.39 on Friday. The company has a market capitalization of $491.94 billion, a P/E ratio of 16.39, a PEG ratio of 2.05 and a beta of 0.51. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. The business's 50 day simple moving average is $112.58 and its 200-day simple moving average is $109.54. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.4%. Exxon Mobil's dividend payout ratio is 56.25%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research note on Tuesday, October 7th. Mizuho cut their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research note on Monday, September 15th. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Wells Fargo & Company initiated coverage on Exxon Mobil in a research report on Friday, October 17th. They set an "overweight" rating and a $156.00 target price for the company. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Exxon Mobil in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus 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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