Caitong International Asset Management Co. Ltd Has $373,000 Stock Position in Exxon Mobil Corporation $XOM

Key Points

• Caitong International Asset Management Co. Ltd significantly increased its stake in Exxon Mobil Corporation by 38,322.2% during the second quarter, acquiring a total of 3,458 shares valued at $373,000.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, translating to an annualized dividend of $3.96 and a yield of 3.4%.
• Institutional investors currently hold 61.80% of Exxon Mobil's stock, indicating robust interest and investment from large financial entities.

Caitong International Asset Management Co. Ltd grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 38,322.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,458 shares of the oil and gas company's stock after purchasing an additional 3,449 shares during the period. Caitong International Asset Management Co. Ltd's holdings in Exxon Mobil were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in XOM. GAMMA Investing LLC raised its holdings in shares of Exxon Mobil by 20.6% during the first quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company's stock valued at $9,458,000 after purchasing an additional 13,582 shares during the period. Eagle Capital Management LLC increased its position in shares of Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company's stock worth $337,000 after acquiring an additional 376 shares in the last quarter. Ironwood Wealth Management LLC. bought a new stake in shares of Exxon Mobil during the first quarter worth about $200,000. Brucke Financial Inc. increased its position in shares of Exxon Mobil by 2.1% during the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company's stock worth $808,000 after acquiring an additional 142 shares in the last quarter. Finally, Lifelong Wealth Advisors Inc. increased its position in shares of Exxon Mobil by 8.4% during the first quarter. Lifelong Wealth Advisors Inc. now owns 2,137 shares of the oil and gas company's stock worth $254,000 after acquiring an additional 166 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Trading Down 0.5%

Shares of XOM stock opened at $115.39 on Friday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The company has a 50-day simple moving average of $112.58 and a two-hundred day simple moving average of $109.54. The company has a market capitalization of $491.94 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.05 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

Wall Street Analyst Weigh In

Several research firms have recently commented on XOM. Melius Research began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price for the company. UBS Group boosted their target price on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a "buy" rating in a research report on Monday, October 13th. Morgan Stanley boosted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, Barclays reduced their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $127.58.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

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.

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