Siemens Fonds Invest GmbH trimmed its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 52.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,527 shares of the oil and gas company's stock after selling 34,469 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Exxon Mobil were worth $3,391,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Exxon Mobil during the fourth quarter worth approximately $6,936,737,000. Bank of New York Mellon Corp lifted its position in shares of 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 worth $4,731,263,000 after buying an additional 5,538,694 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Exxon Mobil by 1,524.1% in the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company's stock valued at $585,818,000 after buying an additional 5,110,603 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after buying an additional 4,140,046 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after acquiring an additional 2,998,892 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Barclays cut their target price on Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Morgan Stanley lowered their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Bernstein Bank lifted their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, Piper Sandler decreased their price target on shares of Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $125.50.
View Our Latest Stock Report on XOM
Exxon Mobil Price Performance
Shares of NYSE XOM opened at $108.44 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The firm has a market capitalization of $467.34 billion, a P/E ratio of 13.83, a PEG ratio of 3.02 and a beta of 0.51. The company's fifty day moving average is $109.00 and its two-hundred day moving average is $110.91.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The firm's revenue was up .1% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.
About Exxon Mobil
(
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.
Further Reading
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