DekaBank Deutsche Girozentrale Cuts Position in Exxon Mobil Corporation (NYSE:XOM)

DekaBank Deutsche Girozentrale lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,165,219 shares of the oil and gas company's stock after selling 7,305 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.05% of Exxon Mobil worth $254,948,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $6,936,737,000. GAMMA Investing LLC lifted its stake in shares of Exxon Mobil by 14,242.7% in the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after purchasing an additional 9,391,614 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after purchasing an additional 4,140,046 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Exxon Mobil by 7.0% in the 4th 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 last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $240,653,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the subject of several analyst reports. Mizuho lowered their price objective 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. 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. Piper Sandler raised their price target on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research note on Tuesday. Scotiabank decreased their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Finally, TD Cowen raised 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus target price of $125.55.

Exxon Mobil Trading Down 0.3%

XOM opened at $113.80 on Thursday. The stock's fifty day moving average is $107.65 and its two-hundred day moving average is $108.66. The company has a market capitalization of $490.44 billion, a P/E ratio of 15.09, a PEG ratio of 2.19 and a beta of 0.50. 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 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. 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 business posted $2.06 EPS. The business's revenue was up .1% compared to the same quarter last year. Analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.48%. Exxon Mobil's dividend payout ratio is presently 52.52%.

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.

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