Harbour Investments Inc. Has $5.44 Million Stock Holdings in Exxon ... - MarketBeat

Harbour Investments Inc. raised its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,638 shares of the oil and gas company's stock after acquiring an additional 2,259 shares during the quarter. Harbour Investments Inc.'s holdings in Exxon Mobil were worth $5,443,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC boosted its holdings in shares of Exxon Mobil by 1.9% during the 1st quarter. FMR LLC now owns 144,949,334 shares of the oil and gas company's stock worth $15,895,144,000 after buying an additional 2,680,850 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in shares of Exxon Mobil by 140,855.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company's stock worth $13,604,575,000 after buying an additional 123,254,064 shares during the period. Morgan Stanley boosted its holdings in shares of Exxon Mobil by 11.9% during the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company's stock worth $5,788,398,000 after buying an additional 5,566,797 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Exxon Mobil by 16.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 47,592,122 shares of the oil and gas company's stock worth $5,218,954,000 after buying an additional 6,580,247 shares during the period. Finally, Norges Bank bought a new stake in shares of Exxon Mobil during the 4th quarter worth $5,226,390,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Redburn Partners raised shares of Exxon Mobil from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $100.00 to $105.00 in a report on Thursday, August 31st. Mizuho upped their target price on shares of Exxon Mobil from $130.00 to $131.00 and gave the company a "buy" rating in a research note on Wednesday, August 16th. Morgan Stanley upped their target price on shares of Exxon Mobil from $121.00 to $124.00 and gave the company an "overweight" rating in a research note on Friday, August 18th. StockNews.com initiated coverage on shares of Exxon Mobil in a research note on Thursday, August 17th. They set a "hold" rating for the company. Finally, Piper Sandler cut their target price on shares of Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $123.43.

View Our Latest Stock Analysis on XOM

Exxon Mobil Trading Down 1.3 %

Shares of Exxon Mobil stock opened at $114.14 on Tuesday. The stock has a market capitalization of $456.92 billion, a P/E ratio of 9.13, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The company has a 50-day simple moving average of $107.67 and a 200 day simple moving average of $108.29. Exxon Mobil Co. has a 12-month low of $83.89 and a 12-month high of $119.92.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.00 by ($0.06). The firm had revenue of $82.91 billion for the quarter, compared to analyst estimates of $81.80 billion. Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The company's revenue for the quarter was down 28.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.14 EPS. Research analysts expect that Exxon Mobil Co. will post 8.94 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Tuesday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 29.12%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the sale, the vice president now owns 27,772 shares of the company's stock, valued at approximately $3,193,780. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Jeffrey W. Ubben acquired 458,000 shares of the firm's stock in a transaction on Monday, July 31st. The shares were purchased at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the acquisition, the director now directly owns 1,635,000 shares in the company, valued at $174,830,550. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the sale, the vice president now directly owns 27,772 shares in the company, valued at approximately $3,193,780. The disclosure for this sale can be found here. Insiders own 0.06% of the company's stock.

Exxon Mobil Company Profile

(Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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