Hartford Funds Management Co LLC Buys 2,617 Shares of Exxon Mobil Corporation (NYSE:XOM)

Hartford Funds Management Co LLC increased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 51.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,665 shares of the oil and gas company's stock after acquiring an additional 2,617 shares during the quarter. Hartford Funds Management Co LLC's holdings in Exxon Mobil were worth $912,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $6,936,737,000. GAMMA Investing LLC grew its holdings in Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after acquiring an additional 9,391,614 shares during the period. Franklin Resources Inc. lifted its position in Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after buying an additional 4,140,046 shares in the last quarter. Northern Trust Corp grew its stake in Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after buying an additional 2,998,892 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $240,653,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

XOM stock opened at $108.21 on Tuesday. The company has a market cap of $466.34 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 2.01 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The stock's fifty day moving average price is $108.66 and its 200-day moving average price is $108.98. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $86.11 billion. During the same period in the prior year, the firm posted $2.06 earnings per share. The business's quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared 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 dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on XOM. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler increased their price objective on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. UBS Group dropped their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. One equities 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $125.42.

Exxon Mobil Company 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.

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.