Audent Global Asset Management LLC Has $1.29 Million Position in Exxon Mobil Co. (NYSE:XOM)

Audent Global Asset Management LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 392.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,980 shares of the oil and gas company's stock after buying an additional 9,549 shares during the quarter. Audent Global Asset Management LLC's holdings in Exxon Mobil were worth $1,289,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of Exxon Mobil by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after acquiring an additional 1,104,617 shares during the period. Norges Bank bought a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $6,936,737,000. Northern Trust Corp boosted its holdings in shares of Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after acquiring an additional 2,998,892 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after acquiring an additional 5,538,694 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares during the period. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on XOM shares. Piper Sandler restated a "hold" rating on shares of Exxon Mobil in a report on Wednesday. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wells Fargo & Company cut their price target on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, Morgan Stanley cut their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Price Performance

NYSE XOM traded up $0.59 on Thursday, hitting $102.70. 13,812,118 shares of the company's stock were exchanged, compared to its average volume of 15,540,170. The stock has a 50-day moving average of $107.50 and a 200-day moving average of $110.02. The stock has a market cap of $442.59 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the prior year, the company earned $2.06 EPS. Exxon Mobil's revenue was up .1% compared to the same quarter last year. Analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

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.