China Universal Asset Management Co. Ltd. Acquires 2,431 Shares of Exxon Mobil Corporation (NYSE:XOM)

China Universal Asset Management Co. Ltd. raised its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 11.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,428 shares of the oil and gas company's stock after buying an additional 2,431 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Exxon Mobil were worth $2,905,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $25,000. 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 bought a new stake in Exxon Mobil during the first quarter worth about $45,000. Clarity Asset Management Inc. grew its position in Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 100 shares during the last quarter. Finally, Banque de Luxembourg S.A. bought a new stake in Exxon Mobil during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on XOM shares. Morgan Stanley cut their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. UBS Group reduced their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. TD Cowen raised their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Mizuho dropped their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, 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. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.05.

Exxon Mobil Trading Up 0.4%

NYSE:XOM traded up $0.47 during mid-day trading on Friday, hitting $115.40. The company had a trading volume of 11,683,034 shares, compared to its average volume of 15,798,174. The firm has a market cap of $497.33 billion, a P/E ratio of 15.31, a P/E/G ratio of 2.21 and a beta of 0.50. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The business's fifty day moving average is $108.01 and its two-hundred day moving average is $108.78. 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 (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating 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 business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period last year, the company posted $2.06 EPS. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.43%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

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.