Machina Capital S.A.S. Raises Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Machina Capital S.A.S. boosted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 254.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,837 shares of the oil and gas company's stock after purchasing an additional 11,367 shares during the quarter. Machina Capital S.A.S.'s holdings in Exxon Mobil were worth $1,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. 10Elms LLP purchased a new position in shares of Exxon Mobil during the fourth quarter worth approximately $25,000. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil during the first quarter worth approximately $29,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth approximately $32,000. Cloud Capital Management LLC purchased a new position in shares of Exxon Mobil during the first quarter worth approximately $45,000. Finally, Clarity Asset Management Inc. grew its holdings in shares of Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 100 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.9%

Shares of XOM traded up $0.94 during trading hours on Thursday, hitting $110.87. The company had a trading volume of 15,632,983 shares, compared to its average volume of 14,628,414. The firm has a fifty day moving average price of $108.70 and a 200-day moving average price of $109.01. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The stock has a market capitalization of $477.80 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 2.04 and a beta of 0.50. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.06 EPS. On average, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XOM. UBS Group cut their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. TD Cowen raised their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Piper Sandler lifted their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.