1832 Asset Management L.P. Has $103.24 Million Stock Position in Exxon Mobil Corporation $XOM

Key Points

• 1832 Asset Management L.P. reduced its stake in Exxon Mobil Corporation by 15.8%, resulting in ownership of 868,079 shares valued at approximately $103.24 million.
• Institutional investors and hedge funds currently own 61.80% of Exxon Mobil's stock, with significant acquisitions from companies like Nuveen LLC and GQG Partners LLC during the 1st quarter.
• Exxon Mobil announced a quarterly dividend of $0.99 per share, representing an annualized dividend yield of 3.6%, as its earnings for the previous quarter exceeded expectations.

1832 Asset Management L.P. decreased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 15.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 868,079 shares of the oil and gas company's stock after selling 163,352 shares during the period. 1832 Asset Management L.P.'s holdings in Exxon Mobil were worth $103,241,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Nuveen LLC acquired a new position in Exxon Mobil during the 1st quarter valued at about $2,730,414,000. GQG Partners LLC lifted its position in Exxon Mobil by 15,135.7% during the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock valued at $1,197,753,000 after purchasing an additional 10,004,975 shares during the period. GAMMA Investing LLC lifted its position in Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after purchasing an additional 9,391,614 shares during the period. Northern Trust Corp lifted its position in Exxon Mobil by 7.0% during the 4th 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 purchasing an additional 2,998,892 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Exxon Mobil by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock valued at $3,213,848,000 after purchasing an additional 2,639,797 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Melius started coverage on shares of Exxon Mobil in a research report on Wednesday. They issued a "hold" rating and a $111.00 price target on the stock. UBS Group increased their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Morgan Stanley increased their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $125.00.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $111.1220 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The company has a market capitalization of $473.74 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 2.05 and a beta of 0.53. The company's 50 day moving average price is $110.24 and its two-hundred day moving average price is $108.89. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business's quarterly revenue was down 12.4% on a year-over-year basis. During the same period last year, the company posted $2.14 EPS. On average, analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Exxon Mobil Profile

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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