E Fund Management Co. Ltd. lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 17.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,549 shares of the oil and gas company's stock after purchasing an additional 8,427 shares during the period. E Fund Management Co. Ltd.'s holdings in Exxon Mobil were worth $6,725,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Axis Wealth Partners LLC grew its stake in Exxon Mobil by 1.9% during the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after acquiring an additional 93 shares in the last quarter. Gagnon Securities LLC grew its stake in Exxon Mobil by 1.3% during the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock valued at $860,000 after acquiring an additional 95 shares in the last quarter. WPWealth LLP grew its stake in Exxon Mobil by 1.1% during the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after acquiring an additional 96 shares in the last quarter. Ascent Capital Management LLC grew its stake in Exxon Mobil by 2.0% during the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock valued at $584,000 after acquiring an additional 96 shares in the last quarter. Finally, DDD Partners LLC grew its stake in Exxon Mobil by 1.4% during the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock valued at $810,000 after acquiring an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. 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 note on Tuesday, May 13th. Piper Sandler upped their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has an average rating of "Hold" and an average target price of $125.26.
Check Out Our Latest Stock Analysis on XOM
Exxon Mobil Stock Performance
NYSE:XOM opened at $106.10 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a market capitalization of $452.33 billion, a P/E ratio of 15.07, a PEG ratio of 1.99 and a beta of 0.53. The company has a 50 day moving average price of $109.99 and a 200 day moving average price of $108.92. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter last year, the company posted $2.14 EPS. The firm's quarterly revenue was down 12.4% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.
Exxon Mobil Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend 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 Company Profile
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Free Report)
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.
Further Reading

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