Assetmark Inc. Has $79.44 Million Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Assetmark Inc. increased its holdings in Exxon Mobil by 3.8% during the first quarter, owning approximately 667,949 shares worth $79.44 million.
• Exxon Mobil's recent quarterly earnings showed an EPS of $1.76, beating estimates, with revenue of $83.13 billion, which was slightly below expectations.
• The company has a dividend yield of 3.59% after announcing a quarterly payout of $0.99 per share, with a dividend payout ratio of 52.52%.

Assetmark Inc. lifted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 667,949 shares of the oil and gas company's stock after purchasing an additional 24,619 shares during the quarter. Assetmark Inc.'s holdings in Exxon Mobil were worth $79,439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. 10Elms LLP bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $25,000. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil during the first quarter worth $29,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at $32,000. Cloud Capital Management LLC bought a new position in Exxon Mobil in the first quarter valued at $45,000. Finally, Clarity Asset Management Inc. grew its position in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after purchasing an additional 100 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on XOM shares. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. TD Cowen increased their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Finally, Piper Sandler increased their price objective on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $125.42.

Exxon Mobil Price Performance

NYSE:XOM traded down $0.37 during trading hours on Friday, hitting $110.42. The company's stock had a trading volume of 10,547,065 shares, compared to its average volume of 14,495,533. The stock has a fifty day simple moving average of $108.75 and a 200-day simple moving average of $109.02. The company has a market capitalization of $475.87 billion, a P/E ratio of 14.64, a PEG ratio of 2.08 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil's revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $2.06 earnings per share. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.59%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

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.