T. Rowe Price Investment Management Inc. Boosts Stock Position in Exxon Mobil Corporation $XOM

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Exxon Mobil Corporation by 27.8% during the first quarter, boosting its holdings to 14,036 shares valued at approximately $1.67 million.
• Exxon Mobil's stock showed a 1.7% increase, with shares opening at $111.12 on Monday, while the company reported a quarterly earnings per share of $1.64, surpassing analyst estimates of $1.47.
• The company declared a quarterly dividend of $0.99 per share to be paid on September 10th, resulting in an annualized dividend yield of 3.6%.

T. Rowe Price Investment Management Inc. raised its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 27.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,036 shares of the oil and gas company's stock after acquiring an additional 3,051 shares during the period. T. Rowe Price Investment Management Inc.'s holdings in Exxon Mobil were worth $1,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. 10Elms LLP purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil during the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 238 shares in the last quarter. Finally, Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on XOM shares. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho cut their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Melius Research started coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $125.00.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The stock was 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 in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company's stock.

Exxon Mobil Price Performance

Shares of XOM traded up $0.52 during midday trading on Monday, hitting $111.80. 9,742,247 shares of the company traded hands, compared to its average volume of 15,715,400. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock has a 50-day moving average of $110.23 and a 200-day moving average of $108.91. The firm has a market cap of $476.63 billion, a P/E ratio of 15.88, a PEG ratio of 2.08 and a beta of 0.53. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34.

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

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 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.