Boston Partners Has $60.37 Million Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Boston Partners has reduced its holdings in Exxon Mobil Corporation by 0.8%, owning approximately 507,920 shares worth about $60.37 million as of the latest SEC filing.
• Exxon Mobil reported its quarterly earnings with $1.64 earnings per share, surpassing analysts' expectations of $1.47, despite a 12.4% decrease in revenue compared to the same quarter last year.
• The company has declared a quarterly dividend of $0.99, resulting in an annualized dividend yield of 3.7%, with a dividend payout ratio of 56.25%.

Boston Partners lessened its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 507,920 shares of the oil and gas company's stock after selling 3,988 shares during the period. Boston Partners' holdings in Exxon Mobil were worth $60,372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Axis Wealth Partners LLC lifted its position in Exxon Mobil by 1.9% during the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock worth $591,000 after acquiring an additional 93 shares during the last quarter. Gagnon Securities LLC increased its holdings in shares of Exxon Mobil by 1.3% during the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock worth $860,000 after purchasing an additional 95 shares during the period. WPWealth LLP increased its holdings in shares of Exxon Mobil by 1.1% during the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after purchasing an additional 96 shares during the period. Ascent Capital Management LLC increased its holdings in shares of Exxon Mobil by 2.0% during the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock worth $584,000 after purchasing an additional 96 shares during the period. Finally, DDD Partners LLC increased its holdings in shares of Exxon Mobil by 1.4% during the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock worth $810,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

XOM opened at $107.48 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock has a market capitalization of $458.23 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 2.02 and a beta of 0.53. The company's 50 day simple moving average is $110.21 and its 200-day simple moving average is $108.89. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Exxon Mobil's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.14 earnings per share. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.7%. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Analysts Set New Price Targets

XOM has been the topic of several research reports. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Piper Sandler boosted their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of "Hold" and a consensus price target of $125.26.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.