Exxon Mobil Corporation (NYSE:XOM) Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Exxon Mobil by 3.2% during the first quarter, now holding 2,953,758 shares, which makes up about 0.5% of its portfolio.
• Exxon Mobil reported an EPS of $1.64 for the last quarter, exceeding expectations, but saw a 12.4% revenue decrease compared to the previous year.
• The company recently declared a quarterly dividend of $0.99 per share, yielding 3.7%, with a dividend payout ratio of 56.25%.

Russell Investments Group Ltd. boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 2,953,758 shares of the oil and gas company's stock after acquiring an additional 92,784 shares during the quarter. Exxon Mobil comprises about 0.5% of Russell Investments Group Ltd.'s portfolio, making the stock its 23rd largest position. Russell Investments Group Ltd. owned about 0.07% of Exxon Mobil worth $351,245,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. 10Elms LLP acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $25,000. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil in the 1st quarter worth about $29,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter worth about $32,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 238 shares during the period. Finally, Cloud Capital Management LLC acquired a new position in Exxon Mobil in the 1st quarter worth about $45,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. 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. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley boosted their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $125.26.

Exxon Mobil Stock Down 0.9%

NYSE:XOM opened at $105.87 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The stock's fifty day moving average is $109.94 and its two-hundred day moving average is $108.94. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The stock has a market capitalization of $451.35 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 2.01 and a beta of 0.53.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly 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. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. During the same period in the prior year, the firm earned $2.14 earnings per share. The firm's revenue was down 12.4% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company 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 dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, August 15th. Exxon Mobil's dividend payout ratio is 56.25%.

Exxon Mobil Company 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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