Exxon Mobil Corporation (NYSE:XOM) Stock Holdings Boosted by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC lifted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 115,128 shares of the oil and gas company's stock after purchasing an additional 3,999 shares during the quarter. Exxon Mobil accounts for 1.0% of Verdence Capital Advisors LLC's portfolio, making the stock its 12th largest position. Verdence Capital Advisors LLC's holdings in Exxon Mobil were worth $13,692,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of Exxon Mobil by 1.2% in 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 purchasing an additional 1,104,617 shares during the last quarter. Norges Bank acquired a new position in Exxon Mobil in the fourth quarter valued at about $6,936,737,000. Northern Trust Corp raised its stake in Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after acquiring an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Exxon Mobil by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock worth $5,390,318,000 after purchasing an additional 1,340,343 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings 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 acquiring an additional 4,140,046 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $111.73 on Friday. The business has a fifty day simple moving average of $108.65 and a two-hundred day simple moving average of $108.96. 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 firm has a market capitalization of $481.51 billion, a P/E ratio of 14.82, a P/E/G ratio of 2.09 and a beta of 0.50. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $83.13 billion during 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 firm's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.06 EPS. On average, equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.54%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on XOM shares. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday. Royal Bank Of Canada reaffirmed a "sector perform" 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 company an "overweight" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.42.

About Exxon Mobil

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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