Summit Global Investments Increases Holdings in Exxon Mobil Co. (NYSE:XOM)

Summit Global Investments increased its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 40.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,058 shares of the oil and gas company's stock after buying an additional 3,453 shares during the quarter. Summit Global Investments' holdings in Exxon Mobil were worth $1,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of XOM. Tompkins Financial Corp raised its holdings in Exxon Mobil by 2.9% during the 1st quarter. Tompkins Financial Corp now owns 173,632 shares of the oil and gas company's stock valued at $20,650,000 after buying an additional 4,812 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Exxon Mobil by 14,242.7% in the first 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 acquiring an additional 9,391,614 shares during the period. Nexus Investment Management ULC raised its stake in shares of Exxon Mobil by 31.0% during the first quarter. Nexus Investment Management ULC now owns 5,705 shares of the oil and gas company's stock valued at $678,000 after acquiring an additional 1,350 shares during the last quarter. Quent Capital LLC boosted its holdings in shares of Exxon Mobil by 12.1% during the first quarter. Quent Capital LLC now owns 14,527 shares of the oil and gas company's stock worth $1,728,000 after purchasing an additional 1,563 shares during the period. Finally, Moody National Bank Trust Division boosted its holdings in shares of Exxon Mobil by 3.8% during the first quarter. Moody National Bank Trust Division now owns 86,115 shares of the oil and gas company's stock worth $10,242,000 after purchasing an additional 3,114 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 0.6%

Exxon Mobil stock traded down $0.61 during mid-day trading on Friday, reaching $102.08. The stock had a trading volume of 28,636,718 shares, compared to its average volume of 15,548,490. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The company has a 50-day moving average price of $106.95 and a two-hundred day moving average price of $109.69. The company has a market capitalization of $439.93 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the prior year, the company posted $2.06 earnings per share. The business's revenue for the quarter was up .1% on a year-over-year basis. On average, analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.88%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Analysts Set New Price Targets

A number of research firms have commented on XOM. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho dropped their price target 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. Piper Sandler downgraded shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Finally, Scotiabank dropped their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

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.