Exxon Mobil Corporation (NYSE:XOM) Shares Acquired by Jennison Associates LLC

Jennison Associates LLC lifted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 15.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,774,811 shares of the oil and gas company's stock after purchasing an additional 231,153 shares during the period. Jennison Associates LLC's holdings in Exxon Mobil were worth $211,078,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 10Elms LLP purchased a new stake in Exxon Mobil in the 4th quarter worth $25,000. Graybill Wealth Management LTD. bought a new position in shares of Exxon Mobil during the 1st quarter valued at about $29,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $32,000. Cloud Capital Management LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at about $45,000. Finally, Clarity Asset Management Inc. boosted its holdings in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after purchasing an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM traded down $3.79 during trading hours on Friday, reaching $107.87. 32,323,515 shares of the company traded hands, compared to its average volume of 15,860,627. The stock has a market capitalization of $464.88 billion, a P/E ratio of 14.31, a P/E/G ratio of 2.01 and a beta of 0.50. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The business has a fifty day moving average price of $108.66 and a 200-day moving average price of $108.96.

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 the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. 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 prior year, the company earned $2.06 earnings per share. The firm's revenue was up .1% on a year-over-year basis. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business 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 3.67%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. TD Cowen increased their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Exxon Mobil in a report on Tuesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $125.42.

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.