Exxon Mobil Corporation (NYSE:XOM) Stock Position Increased by Clarendon Private LLC

Key Points

• Clarendon Private LLC increased its stake in Exxon Mobil by 31.8%, acquiring an additional 2,926 shares, bringing its total ownership to 12,126 shares valued at approximately $1.44 million.
• Exxon Mobil reported a quarterly earnings per share (EPS) of $1.76, exceeding analyst expectations, alongside a revenue of $83.13 billion for the quarter, slightly below estimates.
• The company announced a quarterly dividend of $0.99 per share, representing a dividend yield of 3.55% and a payout ratio of approximately 52.52%.

Clarendon Private LLC lifted its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 31.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,126 shares of the oil and gas company's stock after buying an additional 2,926 shares during the period. Exxon Mobil makes up 1.5% of Clarendon Private LLC's holdings, making the stock its 14th largest position. Clarendon Private LLC's holdings in Exxon Mobil were worth $1,442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Everstar Asset Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at $454,000. Partners in Financial Planning purchased a new position in shares of Exxon Mobil during the fourth quarter valued at $1,350,000. Wellington Management Group LLP grew its holdings in shares of Exxon Mobil by 4.4% during the fourth quarter. Wellington Management Group LLP now owns 29,906,947 shares of the oil and gas company's stock valued at $3,217,090,000 after buying an additional 1,269,629 shares in the last quarter. Hazlett Burt & Watson Inc. grew its stake in Exxon Mobil by 2.6% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 35,043 shares of the oil and gas company's stock valued at $3,767,000 after purchasing an additional 903 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. grew its stake in Exxon Mobil by 5.4% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 26,176 shares of the oil and gas company's stock valued at $2,816,000 after purchasing an additional 1,348 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of XOM stock opened at $111.43 on Tuesday. 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 $480.22 billion, a P/E ratio of 14.78, a P/E/G ratio of 2.08 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. The stock has a 50 day moving average of $108.85 and a two-hundred day moving average of $109.08.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the previous year, the firm earned $2.06 EPS. Exxon Mobil's quarterly revenue was up .1% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current 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 given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.55%. Exxon Mobil's payout ratio is 52.52%.

Analysts Set New Price Targets

XOM has been the topic of a number of recent research reports. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. UBS Group lowered their target price 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. Piper Sandler boosted their target price on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. TD Cowen boosted their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Finally, Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.