Natixis Advisors LLC Buys 783,539 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Natixis Advisors LLC increased its stake in Exxon Mobil by 28.4% during the first quarter, acquiring an additional 783,539 shares, bringing its total ownership to approximately $421 million.
• Exxon Mobil announced a quarterly dividend of $0.99, resulting in a 3.51% yield, with an annualized dividend total of $3.96.
• Wall Street analysts have a generally optimistic outlook, with the average price target for Exxon Mobil set at $125.42 and a rating of "Moderate Buy".

Natixis Advisors LLC raised its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 28.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,542,857 shares of the oil and gas company's stock after acquiring an additional 783,539 shares during the quarter. Exxon Mobil accounts for about 0.8% of Natixis Advisors LLC's portfolio, making the stock its 17th biggest holding. Natixis Advisors LLC owned 0.08% of Exxon Mobil worth $421,353,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. StoneX Group Inc. boosted its position in Exxon Mobil by 55.6% during the 4th quarter. StoneX Group Inc. now owns 78,447 shares of the oil and gas company's stock worth $8,439,000 after acquiring an additional 28,015 shares during the period. Nemes Rush Group LLC grew its position in Exxon Mobil by 211.1% during the fourth quarter. Nemes Rush Group LLC now owns 72,559 shares of the oil and gas company's stock valued at $7,805,000 after purchasing an additional 49,239 shares in the last quarter. Diametric Capital LP acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at $676,000. Geode Capital Management LLC boosted its stake in shares of Exxon Mobil by 1.2% during 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 buying an additional 1,104,617 shares during the period. Finally, Lokken Investment Group LLC grew its holdings in shares of Exxon Mobil by 1.7% during the 4th quarter. Lokken Investment Group LLC now owns 13,814 shares of the oil and gas company's stock valued at $1,486,000 after acquiring an additional 231 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on XOM shares. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. TD Cowen raised their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. UBS Group reduced their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $125.42.

Exxon Mobil Stock Performance

XOM stock traded down $1.66 during midday trading on Friday, hitting $109.98. The stock had a trading volume of 3,362,403 shares, compared to its average volume of 16,712,650. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $109.35 and a 200 day simple moving average of $109.15. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The firm has a market capitalization of $473.97 billion, a price-to-earnings ratio of 14.61, a P/E/G 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The company had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. Exxon Mobil's quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.14 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

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 paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. Exxon Mobil's payout ratio is currently 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.