Cohen Investment Advisors LLC Has $3.83 Million Position in Exxon Mobil Co. (NYSE:XOM) - Defense World

Cohen Investment Advisors LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 1.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,913 shares of the oil and gas company’s stock after purchasing an additional 327 shares during the period. Exxon Mobil accounts for 2.5% of Cohen Investment Advisors LLC’s holdings, making the stock its 9th biggest holding. Cohen Investment Advisors LLC’s holdings in Exxon Mobil were worth $3,826,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Exxon Mobil by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock valued at $38,846,569,000 after buying an additional 1,269,495 shares during the last quarter. Norges Bank purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $5,519,753,000. Capital International Investors boosted its stake in Exxon Mobil by 22.8% in the fourth quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock valued at $2,198,413,000 after acquiring an additional 4,084,458 shares in the last quarter. Capital Research Global Investors grew its holdings in Exxon Mobil by 6.0% in the fourth quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock worth $1,838,462,000 after purchasing an additional 1,037,226 shares during the last quarter. Finally, Putnam Investments LLC increased its position in shares of Exxon Mobil by 16.7% during the fourth quarter. Putnam Investments LLC now owns 13,301,039 shares of the oil and gas company’s stock worth $1,329,838,000 after purchasing an additional 1,901,075 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 1.2 %

Shares of XOM stock opened at $113.37 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The stock has a 50 day moving average of $114.65 and a 200 day moving average of $110.11. The stock has a market cap of $447.02 billion, a P/E ratio of 13.89, a P/E/G ratio of 4.15 and a beta of 0.91.

Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same period last year, the company posted $2.83 earnings per share. The business’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Co. will post 9.23 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.35%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analyst Ratings Changes

XOM has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. UBS Group boosted their price target on Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Mizuho increased their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Morgan Stanley reissued an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Finally, TD Cowen raised their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $133.82.

Get Our Latest Stock Report on Exxon Mobil

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil 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.