Bridgewater Advisors Inc. Raises Stake in Exxon Mobil Corporation (NYSE:XOM)

Bridgewater Advisors Inc. raised its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 12.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,616 shares of the oil and gas company's stock after buying an additional 6,013 shares during the quarter. Bridgewater Advisors Inc.'s holdings in Exxon Mobil were worth $5,702,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. 10Elms LLP bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $25,000. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil during the first quarter worth $29,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil during the fourth quarter worth $32,000. Cloud Capital Management LLC purchased a new stake in Exxon Mobil in the 1st quarter valued at $45,000. Finally, Clarity Asset Management Inc. raised its position in 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 valued at $47,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of analyst reports. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. UBS Group cut their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. TD Cowen boosted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $125.42.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded down $3.79 during trading on Friday, reaching $107.87. 32,321,578 shares of the stock traded hands, compared to its average volume of 15,850,369. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The company has a 50-day moving average of $108.65 and a 200-day moving average of $108.96. The stock has a market capitalization of $464.88 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 2.09 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 analysts' consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.06 EPS. Analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.67%. Exxon Mobil's dividend payout ratio (DPR) 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.