Aberdeen Group plc Grows Position in Exxon Mobil Corporation $XOM

Aberdeen Group plc increased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,956,410 shares of the oil and gas company's stock after purchasing an additional 91,114 shares during the quarter. Aberdeen Group plc's holdings in Exxon Mobil were worth $212,006,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Nuveen LLC bought a new position in Exxon Mobil during the 1st quarter valued at approximately $2,730,414,000. GQG Partners LLC increased 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 buying an additional 10,004,975 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Exxon Mobil during the 2nd quarter valued at approximately $607,621,000. Ameriprise Financial Inc. increased 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 buying an additional 2,639,797 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Exxon Mobil by 72.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company's stock valued at $598,280,000 after buying an additional 2,332,293 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

Shares of XOM opened at $112.11 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $124.26. The firm has a market capitalization of $477.97 billion, a P/E ratio of 15.93, a PEG ratio of 2.00 and a beta of 0.51. The business has a fifty day moving average of $111.42 and a 200 day moving average of $109.32.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

Analysts Set New Price Targets

A number of analysts have commented on XOM shares. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Morgan Stanley lifted their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Barclays reduced their target price on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a report on Tuesday, October 7th. Finally, Piper Sandler set a $141.00 target price on Exxon Mobil in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $126.05.

Exxon Mobil Company 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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