Amundi Grows Holdings in Exxon Mobil Corporation $XOM

Key Points

• Amundi increased its stake in Exxon Mobil Corporation by 9.7%, now holding 26,386,120 shares, making Exxon Mobil the 10th largest holding in its investment portfolio.
• Exxon Mobil reported earnings of $1.64 per share in its latest quarter, exceeding analysts' estimates of $1.47, while also announcing a quarterly dividend of $0.99 per share.
• Institutional investors collectively own 61.80% of Exxon Mobil's stock, with recent new positions established by several hedge funds valuing their stakes between $25,000 and $35,000.

Amundi boosted its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 9.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,386,120 shares of the oil and gas company's stock after purchasing an additional 2,329,964 shares during the quarter. Exxon Mobil comprises about 1.1% of Amundi's portfolio, making the stock its 10th biggest holding. Amundi owned approximately 0.61% of Exxon Mobil worth $2,966,598,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in XOM. Nuveen LLC bought a new position in Exxon Mobil during the first quarter worth about $2,730,414,000. GQG Partners LLC increased its holdings in shares of Exxon Mobil by 15,135.7% during the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock worth $1,197,753,000 after purchasing an additional 10,004,975 shares during the period. GAMMA Investing LLC raised its position in shares of Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after buying an additional 9,391,614 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Exxon Mobil by 10.8% in the first 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 during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $240,653,000. Institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Melius began coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. Piper Sandler boosted their price target on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Mizuho reduced their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. UBS Group raised their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $125.00.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company's stock.

Exxon Mobil Price Performance

Exxon Mobil stock traded down $3.17 during midday trading on Friday, reaching $109.23. The company's stock had a trading volume of 16,823,996 shares, compared to its average volume of 16,619,912. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a market cap of $465.66 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 2.09 and a beta of 0.57. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The business has a 50-day moving average price of $110.46 and a 200-day moving average price of $109.13.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The company had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm's quarterly revenue was down 12.4% compared to the same quarter last year. During the same period last year, the company posted $2.14 EPS. On average, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

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

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.