Almanack Investment Partners LLC. increased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 23.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,716 shares of the oil and gas company's stock after purchasing an additional 3,759 shares during the period. Exxon Mobil makes up 0.5% of Almanack Investment Partners LLC.'s portfolio, making the stock its 29th biggest position. Almanack Investment Partners LLC.'s holdings in Exxon Mobil were worth $2,345,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in XOM. Norges Bank bought a new stake in Exxon Mobil during the fourth quarter worth about $6,936,737,000. GAMMA Investing LLC boosted its holdings 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 worth $1,124,787,000 after acquiring an additional 9,391,614 shares in the last quarter. Franklin Resources Inc. grew its position in Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares during the last quarter. Northern Trust Corp grew 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 worth $4,950,087,000 after acquiring an additional 2,998,892 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Exxon Mobil during the 4th quarter valued at $240,653,000. 61.80% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the company. UBS Group reduced their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank reduced their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Mizuho lowered their price target 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, Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $125.10.
View Our Latest Analysis on Exxon Mobil
Exxon Mobil Trading Up 0.6%
NYSE:XOM traded up $0.60 during trading hours on Wednesday, hitting $109.84. The stock had a trading volume of 2,816,706 shares, compared to its average volume of 15,700,896. The business's 50 day moving average is $107.10 and its 200-day moving average is $108.44. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The company has a market cap of $473.38 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 2.09 and a beta of 0.50. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter last year, the business posted $2.06 EPS. The firm's revenue was up .1% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.61%. Exxon Mobil's dividend payout ratio is presently 52.52%.
About Exxon Mobil
(
Free Report)
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.
Featured Articles

Before you consider Exxon Mobil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exxon Mobil wasn't on the list.
While Exxon Mobil currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.