Exxon Mobil Corporation (NYSE:XOM) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 8.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 955,374 shares of the oil and gas company's stock after acquiring an additional 73,113 shares during the period. Allspring Global Investments Holdings LLC's holdings in Exxon Mobil were worth $113,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Quantinno Capital Management LP boosted its stake in Exxon Mobil by 24.1% during the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after buying an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth $55,000. Legacy Trust boosted its stake in Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after buying an additional 997 shares during the last quarter. Renasant Bank boosted its stake in Exxon Mobil by 5.0% during the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after buying an additional 493 shares during the last quarter. Finally, Paradigm Capital Management LLC NV boosted its stake in Exxon Mobil by 1.6% during the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock worth $1,532,000 after buying an additional 227 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

XOM stock opened at $109.40 on Monday. 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 company has a market capitalization of $471.49 billion, a PE ratio of 14.51, a P/E/G ratio of 2.12 and a beta of 0.49. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The business's fifty day moving average price is $107.04 and its 200 day moving average price is $108.45.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.06 EPS. On average, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.62%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. UBS Group lowered their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank lowered their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. TD Cowen lifted their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Finally, Morgan Stanley reduced their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $125.10.

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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