Exxon Mobil Corporation (NYSE:XOM) Shares Acquired by Commerce Bank

Key Points

• Commerce Bank acquired an additional 17,335 shares of Exxon Mobil, increasing its total holdings to 1,538,474 shares, valued at approximately $182.97 million.
• Several institutional investors have significantly increased their stakes in Exxon Mobil, with GAMMA Investing LLC raising their position by an astounding 14,242.7%, now owning over 9.4 million shares.
• Exxon Mobil declared a quarterly dividend of $0.99 per share, which will be paid on September 10th, yielding 3.5% based on an annualized dividend of $3.96.

Commerce Bank increased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,538,474 shares of the oil and gas company's stock after purchasing an additional 17,335 shares during the quarter. Exxon Mobil accounts for 1.2% of Commerce Bank's portfolio, making the stock its 14th largest position. Commerce Bank's holdings in Exxon Mobil were worth $182,971,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. GAMMA Investing LLC increased its position in shares of Exxon Mobil by 14,242.7% in the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after purchasing an additional 9,391,614 shares during the last quarter. Northern Trust Corp grew its stake in Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Exxon Mobil in the fourth quarter worth about $240,653,000. Massachusetts Financial Services Co. MA increased its holdings in Exxon Mobil by 8.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company's stock valued at $2,409,106,000 after buying an additional 1,550,248 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in Exxon Mobil by 291.5% during the fourth quarter. Federated Hermes Inc. now owns 2,023,359 shares of the oil and gas company's stock valued at $217,653,000 after buying an additional 1,506,600 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on XOM. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler lifted their price target on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $125.42.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $111.90 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The business's 50-day moving average price is $109.35 and its two-hundred day moving average price is $109.15. The company has a market capitalization of $482.25 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 2.10 and a beta of 0.50.

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 the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. Analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

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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