Exxon Mobil Corporation $XOM Shares Bought by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments increased its stake in Exxon Mobil Corporation by 3.6%, owning a total of 643,921 shares valued at approximately $69.4 million.
• Exxon Mobil reported earnings of $1.64 per share for the last quarter, surpassing expectations, with a revenue of $81.51 billion, although this reflects a 12.4% decrease compared to the previous year.
• The company declared a quarterly dividend of $0.99, equivalent to an annualized payout of $3.96, with a yield of 3.5% and a payout ratio of 56.25%.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 643,921 shares of the oil and gas company's stock after purchasing an additional 22,087 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Exxon Mobil were worth $69,415,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in XOM. Journey Strategic Wealth LLC increased its position in shares of Exxon Mobil by 6.7% in the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after acquiring an additional 1,379 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Exxon Mobil by 52.3% in the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company's stock worth $45,149,000 after acquiring an additional 131,600 shares in the last quarter. Legacy Trust increased its position in shares of Exxon Mobil by 12.7% in the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after acquiring an additional 997 shares in the last quarter. Hartford Funds Management Co LLC increased its position in shares of Exxon Mobil by 51.8% in the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after acquiring an additional 2,617 shares in the last quarter. Finally, Phoenix Financial Ltd. increased its position in shares of Exxon Mobil by 23.9% in the first quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock worth $11,561,000 after acquiring an additional 18,752 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

XOM stock opened at $113.25 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $482.81 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 2.06 and a beta of 0.51. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The firm has a 50 day moving average of $111.15 and a two-hundred day moving average of $109.52.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. The company had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.14 earnings per share. As a group, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Analysts Set New Price Targets

XOM has been the topic of several analyst reports. Melius initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price on the stock. Bank of America boosted their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of "Hold" and an average target price of $125.00.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by corporate insiders.

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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