Acadian Asset Management LLC Buys 149,962 Shares of Exxon Mobil Corporation $XOM

Key Points

• Acadian Asset Management LLC increased its stake in Exxon Mobil Corporation by 82.4%, acquiring an additional 149,962 shares, making their total holdings worth approximately $39.5 million.
• Exxon Mobil reported earnings of $1.64 per share in its last quarterly results, exceeding analysts' estimates of $1.47, though revenue decreased compared to the same quarter last year.
• The company declared a quarterly dividend of $0.99 per share, reflecting an annualized dividend yield of 3.5%, with a payout ratio of 56.25%.

Acadian Asset Management LLC lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 82.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 331,980 shares of the oil and gas company's stock after purchasing an additional 149,962 shares during the period. Acadian Asset Management LLC's holdings in Exxon Mobil were worth $39,476,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 10Elms LLP bought a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $29,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil in the 4th quarter valued at $32,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 238 shares during the period. Institutional investors own 61.80% of the company's stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the firm's 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 completion of the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $112.45 on Thursday. The business's 50-day moving average price is $110.55 and its 200-day moving average price is $109.13. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The firm has a market capitalization of $479.39 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 2.06 and a beta of 0.57. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period last year, the company earned $2.14 earnings per share. The firm's revenue was down 12.4% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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 was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on XOM shares. Morgan Stanley increased their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. TD Cowen increased their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Bank of America increased their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday. UBS Group increased their price target on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of "Hold" and a consensus price target of $124.81.

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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