Exxon Mobil Corporation (NYSE:XOM) Stake Raised by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. increased its stake in Exxon Mobil by 68.3% in the first quarter, owning over 3.4 million shares valued at approximately $405 million.
• Exxon Mobil reported a quarterly earnings per share (EPS) of $1.76, beating the expected $1.73, while also announcing a quarterly dividend of $0.99 per share with a yield of 3.55%.
• The company's stock is currently rated as a "Moderate Buy" by analysts, with a consensus price target of $125.42, reflecting positive outlooks despite recent market fluctuations.

Federated Hermes Inc. increased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 68.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,406,119 shares of the oil and gas company's stock after buying an additional 1,382,760 shares during the quarter. Exxon Mobil comprises 0.9% of Federated Hermes Inc.'s portfolio, making the stock its 16th largest holding. Federated Hermes Inc. owned about 0.08% of Exxon Mobil worth $405,090,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Axis Wealth Partners LLC increased its position in Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after acquiring an additional 93 shares during the period. WPWealth LLP increased its position in Exxon Mobil by 1.1% in the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after acquiring an additional 96 shares during the period. Ascent Capital Management LLC increased its position in Exxon Mobil by 2.0% in the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock valued at $584,000 after acquiring an additional 96 shares during the period. DDD Partners LLC increased its position in Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock valued at $810,000 after acquiring an additional 96 shares during the period. Finally, Clarity Asset Management Inc. increased its stake in shares of Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 0.9%

NYSE XOM opened at $111.43 on Tuesday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. 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 cap of $480.22 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 2.08 and a beta of 0.50. The firm's 50 day moving average price is $108.85 and its two-hundred day moving average price is $109.08.

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 for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the previous year, the company posted $2.06 EPS. The company's quarterly revenue was up .1% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research analyst reports. TD Cowen raised their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. UBS Group lowered their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.42.

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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