Skandinaviska Enskilda Banken AB publ Invests $8.59 Million in Exxon Mobil Co. (NYSE:XOM)

Skandinaviska Enskilda Banken AB publ acquired a new position in Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, Holdings Channel reports. The firm acquired 81,206 shares of the oil and gas company’s stock, valued at approximately $8,588,000.

Several other large investors also recently made changes to their positions in XOM. FMR LLC grew its holdings in Exxon Mobil by 0.3% during the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after purchasing an additional 395,218 shares in the last quarter. Geode Capital Management LLC grew its holdings in Exxon Mobil by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after purchasing an additional 1,622,064 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after purchasing an additional 5,538,694 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Exxon Mobil by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,860,532 shares of the oil and gas company’s stock valued at $3,427,237,000 after purchasing an additional 700,415 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on XOM shares. Wells Fargo & Company lowered their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Truist Financial increased their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Morgan Stanley increased their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. Finally, Mizuho reduced their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Up 3.0 %

XOM stock opened at $111.98 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The firm’s 50-day simple moving average is $109.34 and its 200 day simple moving average is $113.68. The stock has a market cap of $485.90 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the firm posted $2.48 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.54%. Exxon Mobil’s payout ratio is 50.51%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Company 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.