Exxon Mobil Corporation (NYSE:XOM) is Dimensional Fund Advisors LP's 7th Largest Position

Key Points

• Dimensional Fund Advisors LP increased its stake in Exxon Mobil by 0.1% during the first quarter, holding 33,123,517 shares, making Exxon its 7th largest position.
• Exxon Mobil recently reported earnings of $1.64 per share, surpassing analyst expectations of $1.47, although its quarterly revenue declined by 12.4% year-over-year.
• The company announced a quarterly dividend of $0.99, representing an annualized yield of 3.7%, with a payout ratio of 56.25%.

Dimensional Fund Advisors LP lifted its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,123,517 shares of the oil and gas company's stock after purchasing an additional 28,941 shares during the quarter. Exxon Mobil accounts for about 1.0% of Dimensional Fund Advisors LP's holdings, making the stock its 7th largest holding. Dimensional Fund Advisors LP owned approximately 0.77% of Exxon Mobil worth $3,939,045,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Axis Wealth Partners LLC raised its position in Exxon Mobil by 1.9% during the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after purchasing an additional 93 shares during the last quarter. Gagnon Securities LLC raised its position in Exxon Mobil by 1.3% during the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock valued at $860,000 after purchasing an additional 95 shares during the last quarter. WPWealth LLP raised its position in Exxon Mobil by 1.1% during the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after purchasing an additional 96 shares during the last quarter. Ascent Capital Management LLC raised its position in Exxon Mobil by 2.0% during the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock valued at $584,000 after purchasing an additional 96 shares during the last quarter. Finally, DDD Partners LLC raised its position in Exxon Mobil by 1.4% during the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock valued at $810,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. TD Cowen increased their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Piper Sandler increased their target price on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley increased their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $125.26.

Exxon Mobil Stock Down 0.1%

Exxon Mobil stock opened at $107.48 on Friday. The firm has a market cap of $458.23 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 2.02 and a beta of 0.53. The stock has a fifty day simple moving average of $110.21 and a two-hundred day simple moving average of $108.89. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion during 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 company's quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.14 EPS. Equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.7%. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

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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