Bank of New York Mellon Corp Has $5.39 Billion Stake in Exxon Mobil Corporation (NYSE:XOM)

Bank of New York Mellon Corp boosted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,323,453 shares of the oil and gas company's stock after buying an additional 1,340,343 shares during the quarter. Exxon Mobil makes up about 1.1% of Bank of New York Mellon Corp's investment portfolio, making the stock its 11th largest position. Bank of New York Mellon Corp owned 1.05% of Exxon Mobil worth $5,390,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. World Investment Advisors boosted its stake in Exxon Mobil by 5.9% in the first quarter. World Investment Advisors now owns 157,375 shares of the oil and gas company's stock worth $18,717,000 after purchasing an additional 8,771 shares in the last quarter. Wayfinding Financial LLC lifted its stake in shares of Exxon Mobil by 3.0% during the first quarter. Wayfinding Financial LLC now owns 5,689 shares of the oil and gas company's stock valued at $676,000 after acquiring an additional 165 shares during the period. Jackson Thornton Wealth Management LLC lifted its stake in shares of Exxon Mobil by 124.8% during the first quarter. Jackson Thornton Wealth Management LLC now owns 9,492 shares of the oil and gas company's stock valued at $1,129,000 after acquiring an additional 5,270 shares during the period. von Borstel & Associates Inc. acquired a new position in shares of Exxon Mobil during the first quarter valued at $176,000. Finally, Truist Financial Corp lifted its stake in shares of Exxon Mobil by 0.5% during the first quarter. Truist Financial Corp now owns 2,224,293 shares of the oil and gas company's stock valued at $264,535,000 after acquiring an additional 11,360 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

XOM has been the topic of several research reports. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler upgraded Exxon Mobil from a "hold" rating to a "strong-buy" rating and upped their price objective for the company from $125.00 to $131.00 in a report on Wednesday, July 2nd. TD Cowen upped 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, UBS Group lowered their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $125.40.

Exxon Mobil Stock Down 1.0%

NYSE XOM traded down $1.07 during trading hours on Monday, hitting $111.13. 15,410,459 shares of the company traded hands, compared to its average volume of 15,770,204. The business's 50-day moving average is $107.32 and its 200-day moving average is $108.54. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. 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 stock has a market capitalization of $478.93 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 2.16 and a beta of 0.50.

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

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.56%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

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.