Charles Schwab Investment Management Inc. Purchases 512,860 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Exxon Mobil by 1.6%, now holding a total of 32,373,392 shares, valued at approximately $3.85 billion.
• Exxon Mobil reported a quarterly earnings per share of $1.64, surpassing estimates, despite a 12.4% revenue decline compared to the previous year.
• The company declared a quarterly dividend of $0.99, with an annual yield of 3.7%, and a current dividend payout ratio of 56.25%.

Charles Schwab Investment Management Inc. increased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,373,392 shares of the oil and gas company's stock after purchasing an additional 512,860 shares during the period. Exxon Mobil comprises about 0.7% of Charles Schwab Investment Management Inc.'s investment portfolio, making the stock its 29th largest position. Charles Schwab Investment Management Inc. owned about 0.75% of Exxon Mobil worth $3,850,167,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. 10Elms LLP bought a new stake in shares of Exxon Mobil during the fourth quarter worth $25,000. Graybill Wealth Management LTD. acquired a new position in shares of Exxon Mobil during the first quarter valued at $29,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $32,000. Cloud Capital Management LLC acquired a new position in Exxon Mobil in the first quarter valued at about $45,000. Finally, Clarity Asset Management Inc. lifted its stake in Exxon Mobil by 29.7% in the fourth 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 period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

NYSE:XOM opened at $106.56 on Thursday. The stock has a market cap of $454.28 billion, a P/E ratio of 15.14, a PEG ratio of 2.02 and a beta of 0.53. The stock has a 50 day simple moving average of $109.73 and a 200 day simple moving average of $109.05. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company's quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.14 EPS. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm 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 $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

Wall Street Analyst Weigh In

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

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