AIA Group Ltd Increases Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• AIA Group Ltd increased its stake in Exxon Mobil by 38.3%, acquiring an additional 27,862 shares, bringing its total holdings to 100,574 shares valued at approximately $11.96 million.
• Exxon Mobil reported earnings of $1.64 EPS for the latest quarter, exceeding expectations, with revenues totaling $81.51 billion, despite a 12.4% year-over-year decline.
• The company announced a quarterly dividend of $0.99 per share, reflecting an annualized dividend of $3.96 and a yield of 3.7%, with a payout ratio of 56.25%.

AIA Group Ltd grew its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 38.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 100,574 shares of the oil and gas company's stock after acquiring an additional 27,862 shares during the quarter. AIA Group Ltd's holdings in Exxon Mobil were worth $11,961,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Engines Advisors L.L.C. raised its stake in shares of Exxon Mobil by 12.3% in the first quarter. Financial Engines Advisors L.L.C. now owns 16,735 shares of the oil and gas company's stock valued at $1,991,000 after acquiring an additional 1,839 shares during the period. Longfellow Investment Management Co. LLC raised its holdings in shares of Exxon Mobil by 30.8% in the first quarter. Longfellow Investment Management Co. LLC now owns 17,868 shares of the oil and gas company's stock valued at $2,125,000 after acquiring an additional 4,208 shares in the last quarter. Ballast Inc. lifted its position in shares of Exxon Mobil by 0.9% in the 1st quarter. Ballast Inc. now owns 13,870 shares of the oil and gas company's stock worth $1,650,000 after purchasing an additional 117 shares during the period. Cove Private Wealth LLC boosted its position in Exxon Mobil by 48.5% during the 1st quarter. Cove Private Wealth LLC now owns 15,946 shares of the oil and gas company's stock valued at $1,896,000 after acquiring an additional 5,210 shares in the last quarter. Finally, First American Trust FSB grew its stake in Exxon Mobil by 21.6% in the first quarter. First American Trust FSB now owns 14,823 shares of the oil and gas company's stock valued at $1,763,000 after purchasing an additional 2,633 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.3%

Shares of XOM stock traded up $0.27 during trading on Tuesday, hitting $106.10. 14,104,424 shares of the stock traded hands, compared to its average volume of 15,610,114. The firm's fifty day moving average price is $109.99 and its 200-day moving average price is $108.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm has a market capitalization of $452.33 billion, a P/E ratio of 15.07, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53. 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 released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 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 for the quarter, compared to analysts' expectations of $79.07 billion. During the same period in the prior year, the firm earned $2.14 earnings per share. The firm's revenue was down 12.4% compared to the same quarter last year. As a group, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared 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 is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. Exxon Mobil's payout ratio is currently 56.25%.

Analyst Ratings Changes

XOM has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. TD Cowen lifted their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Mizuho cut their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $125.26.

About Exxon Mobil

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.