Aberdeen Group plc Buys 825,509 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Aberdeen Group plc increased its stake in Exxon Mobil by 79.4%, acquiring an additional 825,509 shares, bringing its total ownership to nearly 1.87 million shares valued at approximately $223 million.
• Institutional investors hold 61.80% of Exxon Mobil's stock, with significant investments from firms such as Nuveen LLC and GQG Partners LLC, highlighting continued confidence in the company.
• Exxon Mobil reported an EPS of $1.64 for its latest quarter, surpassing expectations, but noted a 12.4% decline in revenue compared to the previous year.

Aberdeen Group plc raised its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 79.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,865,296 shares of the oil and gas company's stock after buying an additional 825,509 shares during the period. Aberdeen Group plc's holdings in Exxon Mobil were worth $223,099,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in XOM. Nuveen LLC bought a new stake in shares of Exxon Mobil in the 1st quarter valued at about $2,730,414,000. GQG Partners LLC grew its position in shares of Exxon Mobil by 15,135.7% in 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 buying an additional 10,004,975 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Exxon Mobil by 14,242.7% in 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 buying an additional 9,391,614 shares during the last quarter. Northern Trust Corp grew its position in shares of Exxon Mobil by 7.0% in 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 buying an additional 2,998,892 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $240,653,000. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. TD Cowen upped their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley upped their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $125.26.

Exxon Mobil Stock Down 0.1%

Shares of NYSE:XOM opened at $107.48 on Friday. The business's 50 day simple moving average is $110.21 and its two-hundred day simple moving average is $108.89. The firm has a market cap of $458.23 billion, a P/E ratio of 15.27, a PEG ratio of 2.02 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. 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 issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company's quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.14 earnings per share. As a group, research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio is presently 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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