Assenagon Asset Management S.A. Has $598.28 Million Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• Assenagon Asset Management S.A. increased its stake in Exxon Mobil by 72.5% during the second quarter, acquiring over 2.3 million additional shares, making Exxon Mobil its 20th largest investment.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, representing an annualized yield of 3.5% with a payout ratio of 56.25%.
• As of the most recent quarter, institutional investors hold 61.80% of Exxon Mobil's stock, indicating significant hedge fund interest in the company.

Assenagon Asset Management S.A. boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 72.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,549,909 shares of the oil and gas company's stock after buying an additional 2,332,293 shares during the quarter. Exxon Mobil accounts for approximately 0.9% of Assenagon Asset Management S.A.'s investment portfolio, making the stock its 20th largest position. Assenagon Asset Management S.A. owned approximately 0.13% of Exxon Mobil worth $598,280,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of XOM. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil in the 1st quarter valued at approximately $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil in the 1st quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $32,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 238 shares in the last quarter. Finally, Game Plan Financial Advisors LLC grew its holdings in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 300 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XOM has been the topic of several recent research reports. Melius Research initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective on the stock. Piper Sandler lifted their price objective on Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Mizuho decreased their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a report on Monday, September 15th. Morgan Stanley raised their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $124.76.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company's stock, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Up 2.0%

Shares of Exxon Mobil stock traded up $2.22 during trading on Tuesday, reaching $114.24. The stock had a trading volume of 13,468,225 shares, compared to its average volume of 16,590,564. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a market capitalization of $487.03 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 2.06 and a beta of 0.57. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average price of $110.50 and a two-hundred day moving average price of $109.37.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the prior year, the company earned $2.14 earnings per share. The business's revenue for the quarter was down 12.4% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil's dividend payout ratio is currently 56.25%.

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.