Bank Julius Baer & Co. Ltd Zurich reduced its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,657,699 shares of the oil and gas company's stock after selling 29,365 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Exxon Mobil were worth $214,319,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $6,936,737,000. GAMMA Investing LLC lifted its stake in Exxon Mobil by 14,242.7% in the 1st 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. Franklin Resources Inc. lifted its stake in Exxon Mobil by 13.1% in 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 buying an additional 4,140,046 shares in the last quarter. Northern Trust Corp lifted its stake in shares of 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 worth $4,950,087,000 after purchasing an additional 2,998,892 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Exxon Mobil during the 4th quarter worth $240,653,000. 61.80% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Price Performance
NYSE:XOM traded down $0.24 on Tuesday, reaching $107.81. The stock had a trading volume of 2,921,032 shares, compared to its average volume of 15,816,132. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The stock has a fifty day moving average price of $108.66 and a 200-day moving average price of $108.98. The company has a market capitalization of $464.61 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 2.01 and a beta of 0.50. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the prior year, the business earned $2.06 earnings per share. Exxon Mobil's quarterly revenue was up .1% on a year-over-year basis. Research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.67%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is presently 52.52%.
Analyst Ratings Changes
A number of research firms have recently commented on XOM. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley reaffirmed an "overweight" rating on shares of Exxon Mobil in a report on Tuesday, July 15th. Finally, Piper Sandler raised their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $125.42.
Check Out Our Latest Report on Exxon Mobil
Exxon Mobil 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.
Further Reading
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