Exxon Mobil Co. (NYSE:XOM) is Bokf Na’s 2nd Largest Position

Bokf Na lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,903,825 shares of the oil and gas company’s stock after selling 34,545 shares during the quarter. Exxon Mobil comprises about 3.9% of Bokf Na’s holdings, making the stock its 2nd largest holding. Bokf Na’s holdings in Exxon Mobil were worth $219,168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Norges Bank purchased a new position in Exxon Mobil in the 4th quarter worth approximately $5,519,753,000. Global Assets Advisory LLC raised its position in shares of Exxon Mobil by 16,399.4% in the 1st quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock valued at $1,466,589,000 after purchasing an additional 12,540,435 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Exxon Mobil by 565.3% in the 4th quarter. Fisher Asset Management LLC now owns 13,180,807 shares of the oil and gas company’s stock valued at $1,317,817,000 after purchasing an additional 11,199,696 shares in the last quarter. Capital International Investors raised its position in shares of Exxon Mobil by 25.1% in the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Exxon Mobil by 11.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock valued at $4,640,756,000 after purchasing an additional 4,080,716 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on XOM. Wolfe Research began coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price on the stock. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. UBS Group upped their target price on Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. Finally, Wells Fargo & Company dropped their price target on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.29.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $111.15 on Friday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The business’s fifty day moving average price is $115.66 and its two-hundred day moving average price is $115.06. The firm has a market capitalization of $438.27 billion, a PE ratio of 13.62, a P/E/G ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same period last year, the company earned $1.94 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Co. will post 8.36 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.42%. Exxon Mobil’s payout ratio is 46.57%.

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.