Exxon Mobil Corporation (NYSE:XOM) Shares Acquired by Garner Asset Management Corp

Garner Asset Management Corp lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 74.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,487 shares of the oil and gas company's stock after purchasing an additional 4,895 shares during the quarter. Garner Asset Management Corp's holdings in Exxon Mobil were worth $1,366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC increased its position in Exxon Mobil by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after acquiring an additional 1,104,617 shares during the period. Norges Bank acquired a new stake in Exxon Mobil in the 4th quarter valued at approximately $6,936,737,000. Northern Trust Corp increased its position in Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after acquiring an additional 2,998,892 shares during the period. Bank of New York Mellon Corp increased its position in Exxon Mobil by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock valued at $5,390,318,000 after acquiring an additional 1,340,343 shares during the period. Finally, Franklin Resources Inc. increased its position in Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after acquiring an additional 4,140,046 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.4%

Shares of NYSE:XOM traded up $0.46 during midday trading on Tuesday, hitting $108.51. 1,746,375 shares of the stock were exchanged, compared to its average volume of 15,810,722. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The business's fifty day simple moving average is $108.66 and its two-hundred day simple moving average is $108.98. The company has a market capitalization of $467.63 billion, a PE ratio of 14.38, a P/E/G ratio of 2.01 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period last year, the company earned $2.06 earnings per share. Exxon Mobil's quarterly revenue was up .1% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued 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 3.65%. Exxon Mobil's dividend payout ratio is 52.52%.

Wall Street Analyst Weigh In

XOM has been the topic of several analyst reports. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Morgan Stanley reaffirmed an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. TD Cowen increased their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Finally, Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. 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 given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and an average price target of $125.42.

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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