Citizens Financial Group Inc. RI Buys 7,844 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Citizens Financial Group Inc. RI increased its stake in Exxon Mobil by 2.5%, acquiring an additional 7,844 shares, bringing its total holdings to 324,540 shares valued at approximately $38.6 million.
• A number of institutional investors have also altered their positions in Exxon Mobil, which is currently owned 61.80% by such investors.
• Exxon Mobil announced a quarterly dividend of $0.99, resulting in an annualized dividend yield of 3.7%, with a dividend payout ratio of 56.25%.

Citizens Financial Group Inc. RI grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 324,540 shares of the oil and gas company's stock after acquiring an additional 7,844 shares during the period. Exxon Mobil comprises 0.8% of Citizens Financial Group Inc. RI's investment portfolio, making the stock its 25th biggest position. Citizens Financial Group Inc. RI's holdings in Exxon Mobil were worth $38,598,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Greykasell Wealth Strategies Inc. bought a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $67,000. Schnieders Capital Management LLC grew its position in shares of Exxon Mobil by 4.8% during the 1st quarter. Schnieders Capital Management LLC now owns 31,267 shares of the oil and gas company's stock valued at $3,719,000 after acquiring an additional 1,423 shares during the period. Welch Capital Partners LLC NY bought a new position in Exxon Mobil in the 1st quarter worth approximately $216,000. Hemington Wealth Management boosted its holdings in Exxon Mobil by 23.8% in the 1st quarter. Hemington Wealth Management now owns 3,616 shares of the oil and gas company's stock worth $430,000 after buying an additional 695 shares during the period. Finally, Roberts Glore & Co. Inc. IL boosted its holdings in Exxon Mobil by 1.6% in the 1st quarter. Roberts Glore & Co. Inc. IL now owns 24,094 shares of the oil and gas company's stock worth $2,865,000 after buying an additional 368 shares during the period. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. TD Cowen raised their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Finally, Morgan Stanley raised their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has an average rating of "Hold" and a consensus target price of $125.26.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $107.15 on Wednesday. The stock has a market cap of $461.78 billion, a PE ratio of 15.22, a PEG ratio of 2.01 and a beta of 0.53. The company's fifty day moving average is $109.64 and its 200 day moving average is $109.07. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The company had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm's revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the company 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.