West Bancorporation Inc. Buys Shares of 516 Exxon Mobil Co. (NYSE:XOM)

West Bancorporation Inc. bought a new stake in Exxon Mobil Co. (NYSE:XOMGet Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 516 shares of the oil and gas company’s stock, valued at approximately $32,000.

A number of other large investors have also recently modified their holdings of XOM. Nvwm LLC increased its position in shares of Exxon Mobil by 100.0% during the fourth quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 300 shares in the last quarter. Bell Investment Advisors Inc bought a new stake in shares of Exxon Mobil during the third quarter worth $45,000. Northwest Investment Counselors LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $63,000. Tacita Capital Inc increased its position in shares of Exxon Mobil by 1,738.1% during the third quarter. Tacita Capital Inc now owns 1,158 shares of the oil and gas company’s stock worth $68,000 after acquiring an additional 1,095 shares in the last quarter. Finally, Bellwether Advisors LLC increased its position in shares of Exxon Mobil by 54.2% during the third quarter. Bellwether Advisors LLC now owns 1,221 shares of the oil and gas company’s stock worth $71,000 after acquiring an additional 429 shares in the last quarter. 51.91% of the stock is owned by hedge funds and other institutional investors.

Shares of Exxon Mobil stock traded down $1.95 during midday trading on Friday, hitting $85.25. 34,656,462 shares of the company traded hands, compared to its average volume of 23,257,976. The stock has a market cap of $360.91 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 0.43 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.71 and a current ratio of 1.04. The firm’s fifty day moving average price is $83.05 and its 200-day moving average price is $72.75. Exxon Mobil Co. has a 12 month low of $52.10 and a 12 month high of $91.50.

Exxon Mobil (NYSE:XOMGet Rating) last announced its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.16). Exxon Mobil had a net margin of 8.07% and a return on equity of 13.67%. The company had revenue of $90.50 billion for the quarter, compared to the consensus estimate of $83.57 billion. During the same period last year, the firm posted $0.65 earnings per share. The company’s revenue for the quarter was up 53.0% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Co. will post 9.84 earnings per share for the current year.

Exxon Mobil declared that its board has initiated a share buyback plan on Tuesday, February 1st that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas company to buy up to 2.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 13th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $3.52 annualized dividend and a yield of 4.13%. Exxon Mobil’s dividend payout ratio is presently 65.31%.

In other news, Director Jeffrey W. Ubben sold 1,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 2nd. The shares were sold at an average price of $80.05, for a total value of $120,075,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Stephen A. Littleton sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 4th. The stock was sold at an average price of $81.29, for a total transaction of $812,900.00. The disclosure for this sale can be found here. 0.04% of the stock is owned by company insiders.

A number of research analysts recently weighed in on the stock. Royal Bank of Canada raised shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $90.00 to $100.00 in a research report on Thursday, April 21st. BMO Capital Markets raised their target price on shares of Exxon Mobil from $73.00 to $86.00 and gave the company a “hold” rating in a research report on Thursday, March 3rd. Barclays raised their target price on shares of Exxon Mobil from $91.00 to $98.00 in a research report on Wednesday, March 9th. StockNews.com upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating in a research note on Friday, April 8th. Finally, Citigroup increased their price target on shares of Exxon Mobil from $74.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, March 3rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $79.65.

About Exxon Mobil (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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