Ameriprise Financial Inc. Buys 2,639,797 Shares of Exxon Mobil Corporation $XOM

Key Points

• Ameriprise Financial Inc. increased its stake in Exxon Mobil by 10.8%, purchasing 2,639,797 shares during the first quarter, bringing its total ownership to 27,017,683 shares.
• Exxon Mobil reported a $1.64 EPS for the last quarter, exceeding analysts' expectations of $1.47, despite a revenue decline of 12.4% year-over-year.
• The company has declared a quarterly dividend of $0.99 per share, which reflects a 3.6% yield and will be paid to shareholders on September 10th.

Ameriprise Financial Inc. lifted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,017,683 shares of the oil and gas company's stock after buying an additional 2,639,797 shares during the quarter. Exxon Mobil makes up about 0.9% of Ameriprise Financial Inc.'s portfolio, making the stock its 11th biggest position. Ameriprise Financial Inc. owned 0.63% of Exxon Mobil worth $3,213,848,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 10Elms LLP purchased a new position in Exxon Mobil during the 4th quarter worth $25,000. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil during the 1st quarter worth $29,000. Elequin Capital LP purchased a new position in Exxon Mobil during the 1st quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the 4th quarter worth $32,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of 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. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 1.0%

Exxon Mobil stock opened at $108.5440 on Thursday. The business has a fifty day moving average price of $110.27 and a 200-day moving average price of $108.87. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. 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 stock has a market capitalization of $462.75 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 2.01 and a beta of 0.53.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter in the previous year, the firm posted $2.14 EPS. 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 fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. Exxon Mobil's payout ratio is currently 56.25%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of analyst reports. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Morgan Stanley lifted their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th. UBS Group lifted their price target on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a report on Wednesday. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Melius Research initiated coverage on Exxon Mobil in a report on Wednesday. They issued a "hold" rating and a $111.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of "Hold" and a consensus price target of $125.00.

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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