Exxon Mobil Corporation (NYSE:XOM) Shares Purchased by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 22.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,181 shares of the oil and gas company's stock after purchasing an additional 2,829 shares during the quarter. Jaffetilchin Investment Partners LLC's holdings in Exxon Mobil were worth $1,806,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Norges Bank purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $6,936,737,000. GAMMA Investing LLC lifted its stake in Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after buying an additional 9,391,614 shares during the last quarter. Franklin Resources Inc. lifted its stake in Exxon Mobil by 13.1% in the fourth 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 buying an additional 4,140,046 shares during the last quarter. Northern Trust Corp lifted its stake in Exxon Mobil by 7.0% in the fourth 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 buying an additional 2,998,892 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $240,653,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. TD Cowen boosted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday. Scotiabank cut their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Piper Sandler cut Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Finally, UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $125.10.

Exxon Mobil Trading Down 0.5%

NYSE:XOM opened at $109.40 on Friday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $107.04 and a 200-day simple moving average of $108.48. The company has a market capitalization of $471.49 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 2.12 and a beta of 0.49.

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

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Thursday, May 15th. 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.

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