Energy Income Partners LLC Purchases 8,814 Shares of Exxon Mobil Corporation $XOM

Key Points

• Energy Income Partners LLC increased its stake in Exxon Mobil Corporation by 1.4%, adding 8,814 shares to own a total of 643,878 shares valued at approximately $76.58 million.
• Several institutional investors have also made significant adjustments to their holdings in Exxon Mobil, with 61.80% of the stock now owned by hedge funds and institutions.
• Exxon Mobil recently reported $1.64 EPS for the quarter, surpassing analyst expectations, but noted a 12.4% decrease in revenue compared to the previous year.

Energy Income Partners LLC lifted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 643,878 shares of the oil and gas company's stock after buying an additional 8,814 shares during the period. Exxon Mobil makes up approximately 1.5% of Energy Income Partners LLC's portfolio, making the stock its 22nd biggest holding. Energy Income Partners LLC's holdings in Exxon Mobil were worth $76,576,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Quantinno Capital Management LP grew its stake in Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after purchasing an additional 110,772 shares during the period. Accredited Wealth Management LLC bought a new position in Exxon Mobil during the fourth quarter valued at about $55,000. Journey Strategic Wealth LLC grew its position in Exxon Mobil by 6.7% during the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock valued at $2,608,000 after buying an additional 1,379 shares during the period. Legacy Trust increased its holdings in Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after buying an additional 997 shares during the last quarter. Finally, Hartford Funds Management Co LLC raised its position in Exxon Mobil by 51.8% in the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after acquiring an additional 2,617 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Sunday, August 24th. Mizuho reduced their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. UBS Group boosted their target price on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Melius began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Finally, Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Hold" and an average target price of $125.00.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $114.28 on Friday. The firm has a market capitalization of $487.21 billion, a P/E ratio of 16.23, a PEG ratio of 2.13 and a beta of 0.53. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The business has a fifty day moving average price of $110.16 and a 200-day moving average price of $109.00.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same period in the previous year, the company posted $2.14 EPS. The firm's revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, 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 given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company's stock.

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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