Atria Investments Inc Boosts Stake in Exxon Mobil Corporation (NYSE:XOM)

Atria Investments Inc boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 8.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 252,206 shares of the oil and gas company's stock after acquiring an additional 20,070 shares during the period. Atria Investments Inc's holdings in Exxon Mobil were worth $29,995,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XOM. Geode Capital Management LLC increased its stake in Exxon Mobil by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after purchasing an additional 1,104,617 shares in the last quarter. Norges Bank acquired a new position in Exxon Mobil during the 4th quarter valued at approximately $6,936,737,000. Northern Trust Corp increased its stake 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 valued at $4,950,087,000 after purchasing an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Exxon Mobil by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock valued at $5,390,318,000 after purchasing an additional 1,340,343 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake 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 valued at $3,836,226,000 after purchasing an additional 4,140,046 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

NYSE XOM traded down $0.37 during mid-day trading on Friday, reaching $110.42. 10,547,065 shares of the stock were exchanged, compared to its average volume of 14,495,533. 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 capitalization of $475.87 billion, a P/E ratio of 14.64, a P/E/G ratio of 2.08 and a beta of 0.50. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The business's 50 day moving average is $108.75 and its 200-day moving average is $109.02.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) 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 the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company'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, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho cut 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. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Finally, TD Cowen increased their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $125.42.

About Exxon Mobil

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.