Banque Cantonale Vaudoise Makes New Investment in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Banque Cantonale Vaudoise acquired 85,080 shares of Exxon Mobil, worth approximately $10.1 million, in the first quarter of this year.
• Exxon Mobil reported earnings of $1.76 per share for the latest quarter, surpassing analysts' expectations, though revenue of $83.13 billion was below forecasts.
• The company's recent quarterly dividend was $0.99 per share, reflecting an annualized yield of 3.55% and a payout ratio of 52.52%.

Banque Cantonale Vaudoise bought a new position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 85,080 shares of the oil and gas company's stock, valued at approximately $10,119,000.

Several other large investors have also made changes to their positions in the business. Axis Wealth Partners LLC raised its stake in Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after purchasing an additional 93 shares during the last quarter. WPWealth LLP increased its stake in shares of Exxon Mobil by 1.1% in the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after acquiring an additional 96 shares during the last quarter. Ascent Capital Management LLC increased its stake in shares of Exxon Mobil by 2.0% in the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock worth $584,000 after acquiring an additional 96 shares during the last quarter. DDD Partners LLC increased its stake in shares of Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock worth $810,000 after acquiring an additional 96 shares during the last quarter. Finally, Clarity Asset Management Inc. increased its stake in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 100 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

XOM traded up $1.48 during trading on Tuesday, hitting $112.92. 15,921,151 shares of the stock were exchanged, compared to its average volume of 13,580,571. The firm has a market capitalization of $486.64 billion, a P/E ratio of 14.98, a PEG ratio of 2.10 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 stock has a fifty day moving average price of $109.01 and a two-hundred day moving average price of $109.11. 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 released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The company 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%. The firm's revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.06 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. TD Cowen increased their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Piper Sandler raised their target price on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $125.42.

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.