Erste Asset Management GmbH Increases Stake in Exxon Mobil Corporation $XOM

Key Points

• Erste Asset Management GmbH increased its stake in Exxon Mobil by 62.2% in the first quarter, now holding 36,650 shares valued at approximately $4.3 million.
• Several institutional investors have also been active, with Clal Insurance Enterprises Holdings Ltd raising its stake by 396.7% to own 298 shares.
• Exxon Mobil recently reported an earnings per share of $1.64, exceeding estimates and experiencing a revenue of $81.51 billion, although this represented a 12.4% decline year-over-year.

Erste Asset Management GmbH grew its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 62.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,650 shares of the oil and gas company's stock after acquiring an additional 14,055 shares during the quarter. Erste Asset Management GmbH's holdings in Exxon Mobil were worth $4,315,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. 10Elms LLP acquired a new stake in Exxon Mobil in the fourth quarter worth about $25,000. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil in the first quarter worth about $29,000. Elequin Capital LP purchased a new position in shares of Exxon Mobil in the first quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 238 shares during the last quarter. Finally, Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XOM. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley lifted their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Piper Sandler lifted their price target on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $108.9850 on Friday. 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's 50 day moving average price is $110.26 and its 200-day moving average price is $108.88. The firm has a market capitalization of $464.63 billion, a PE ratio of 15.48, a P/E/G ratio of 2.03 and a beta of 0.53. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business's revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.14 earnings per share. As a group, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. Exxon Mobil's payout ratio is 56.25%.

About Exxon Mobil

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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