Assenagon Asset Management S.A. trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,217,616 shares of the oil and gas company's stock after selling 102,677 shares during the period. Exxon Mobil makes up 0.6% of Assenagon Asset Management S.A.'s portfolio, making the stock its 23rd biggest position. Assenagon Asset Management S.A. owned 0.07% of Exxon Mobil worth $382,671,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Tallon Kerry Patrick acquired a new position in Exxon Mobil during the 4th quarter worth $789,000. Union Bancaire Privee UBP SA acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $48,348,000. Leo Wealth LLC boosted its holdings in shares of Exxon Mobil by 4.8% in the 4th quarter. Leo Wealth LLC now owns 42,207 shares of the oil and gas company's stock valued at $4,540,000 after buying an additional 1,932 shares during the period. Ledyard National Bank boosted its holdings in shares of Exxon Mobil by 0.4% in the 4th quarter. Ledyard National Bank now owns 41,140 shares of the oil and gas company's stock valued at $4,425,000 after buying an additional 150 shares during the period. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of Exxon Mobil by 11,131.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company's stock valued at $192,853,000 after buying an additional 1,776,848 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on XOM. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Morgan Stanley decreased their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. UBS Group decreased their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Scotiabank decreased their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average price target of $125.50.
Read Our Latest Research Report on XOM
Exxon Mobil Price Performance
Shares of NYSE XOM traded up $0.40 during midday trading on Thursday, reaching $109.71. The company's stock had a trading volume of 17,447,260 shares, compared to its average volume of 15,625,472. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average price of $105.28 and a 200 day moving average price of $108.82. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The company has a market cap of $472.81 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the previous year, the firm earned $2.06 EPS. The business's revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.61%. Exxon Mobil's payout ratio is currently 52.52%.
Exxon Mobil Company Profile
(
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.
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