Envestnet Asset Management Inc. Buys 501,656 Shares of Exxon Mobil Corporation (NYSE:XOM)

Envestnet Asset Management Inc. grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 10.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,533,331 shares of the oil and gas company's stock after acquiring an additional 501,656 shares during the quarter. Envestnet Asset Management Inc. owned about 0.13% of Exxon Mobil worth $658,079,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Norges Bank purchased a new position in shares of Exxon Mobil during the 4th quarter valued at about $6,936,737,000. GAMMA Investing LLC raised its holdings in shares of Exxon Mobil by 14,242.7% during 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 buying an additional 9,391,614 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Exxon Mobil by 13.1% during 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 buying an additional 4,140,046 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Exxon Mobil by 7.0% during 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 buying an additional 2,998,892 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Exxon Mobil during the 4th quarter valued at about $240,653,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 0.4%

Shares of NYSE XOM traded up $0.47 during mid-day trading on Friday, hitting $115.40. 11,637,868 shares of the stock traded hands, compared to its average volume of 15,787,188. 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 Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a market cap of $497.33 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 2.19 and a beta of 0.50. The stock has a fifty day moving average price of $107.83 and a 200-day moving average price of $108.72.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the company posted $2.06 earnings per share. The firm's revenue was up .1% on a year-over-year basis. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

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

Analyst Ratings Changes

XOM has been the topic of a number of analyst reports. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler lifted 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. Finally, TD Cowen lifted 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 analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $126.05.

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.