China Universal Asset Management Co. Ltd. Has $2.91 Million Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

China Universal Asset Management Co. Ltd. raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 11.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,428 shares of the oil and gas company's stock after buying an additional 2,431 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Exxon Mobil were worth $2,905,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. 10Elms LLP acquired a new position in Exxon Mobil during the 4th quarter worth $25,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $32,000. Cloud Capital Management LLC bought a new position in shares of Exxon Mobil in the first quarter worth about $45,000. Clarity Asset Management Inc. increased its stake in shares of 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 worth $47,000 after purchasing an additional 100 shares during the period. Finally, Banque de Luxembourg S.A. bought a new position in shares of Exxon Mobil in the fourth quarter worth about $51,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Up 1.0%

NYSE XOM traded up $1.12 on Thursday, reaching $114.92. The company had a trading volume of 14,891,478 shares, compared to its average volume of 15,780,671. The firm has a market capitalization of $495.26 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 2.19 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company's fifty day moving average is $107.65 and its 200-day moving average is $108.66.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period in the prior year, the business earned $2.06 EPS. The company's revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid 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 dividend yield of 3.45%. Exxon Mobil's dividend payout ratio is 52.52%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho lowered their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. TD Cowen boosted their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Finally, Piper Sandler lifted their price objective on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and an average price target of $125.55.

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.