CCM Investment Group LLC bought a new stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 81,231 shares of the oil and gas company's stock, valued at approximately $9,563,000. Exxon Mobil comprises 1.0% of CCM Investment Group LLC's investment portfolio, making the stock its 9th largest holding.
Several other institutional investors have also added to or reduced their stakes in XOM. Northern Trust Corp raised its position in Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after purchasing an additional 2,998,892 shares during the period. Bank of New York Mellon Corp grew its position in Exxon Mobil by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock worth $5,390,318,000 after purchasing an additional 1,340,343 shares during the period. Capital Research Global Investors boosted its position in shares of Exxon Mobil by 3.9% during the 4th quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company's stock valued at $3,739,465,000 after acquiring an additional 1,293,111 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Exxon Mobil by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company's stock valued at $3,850,167,000 after purchasing an additional 512,860 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Exxon Mobil by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company's stock worth $3,028,968,000 after buying an additional 909,386 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Stock Performance
Shares of NYSE:XOM traded up $1.40 on Wednesday, hitting $107.53. The company's stock had a trading volume of 17,950,244 shares, compared to its average volume of 16,798,379. The stock's 50-day moving average is $109.99 and its two-hundred day moving average is $108.92. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a market capitalization of $458.43 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period in the prior year, the business posted $2.14 earnings per share. Exxon Mobil's revenue was down 12.4% compared to the same quarter last year. On average, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.
Exxon Mobil Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.99 per share. 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 56.25%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on XOM. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Mizuho cut their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. TD Cowen lifted their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Finally, Piper Sandler boosted their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $125.26.
Get Our Latest Report on XOM
About Exxon Mobil
(
Free Report)
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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