IFM Investors Pty Ltd Purchases 23,329 Shares of Exxon Mobil Corporation $XOM

IFM Investors Pty Ltd grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 803,375 shares of the oil and gas company's stock after buying an additional 23,329 shares during the quarter. Exxon Mobil accounts for about 0.8% of IFM Investors Pty Ltd's investment portfolio, making the stock its 16th biggest position. IFM Investors Pty Ltd's holdings in Exxon Mobil were worth $86,604,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Two Sigma Investments LP boosted its stake in shares of Exxon Mobil by 6.0% during the fourth quarter. Two Sigma Investments LP now owns 30,064 shares of the oil and gas company's stock valued at $3,234,000 after purchasing an additional 1,698 shares during the period. Retirement Planning Group LLC grew its stake in Exxon Mobil by 14.6% in the 4th quarter. Retirement Planning Group LLC now owns 16,581 shares of the oil and gas company's stock worth $1,784,000 after acquiring an additional 2,108 shares in the last quarter. Vise Technologies Inc. increased its position in shares of Exxon Mobil by 29.7% during the fourth quarter. Vise Technologies Inc. now owns 55,411 shares of the oil and gas company's stock worth $5,961,000 after acquiring an additional 12,705 shares during the period. Breed s Hill Capital LLC increased its position in shares of Exxon Mobil by 31.1% during the fourth quarter. Breed s Hill Capital LLC now owns 6,628 shares of the oil and gas company's stock worth $713,000 after acquiring an additional 1,573 shares during the period. Finally, Stonebridge Financial Planning Group LLC raised its stake in shares of Exxon Mobil by 4.3% during the fourth quarter. Stonebridge Financial Planning Group LLC now owns 6,487 shares of the oil and gas company's stock valued at $698,000 after acquiring an additional 268 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on XOM shares. UBS Group increased their price objective on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Piper Sandler lifted their price objective on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price on the stock. Finally, Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. One 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $124.76.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil 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 in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.03% of the company's stock.

Exxon Mobil Stock Performance

XOM stock opened at $112.82 on Friday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The firm has a market cap of $480.98 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 2.08 and a beta of 0.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm has a 50-day simple moving average of $110.54 and a two-hundred day simple moving average of $109.31.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data 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. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the previous year, the business posted $2.14 EPS. Exxon Mobil's revenue was down 12.4% on a year-over-year basis. On average, equities analysts forecast 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. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. 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 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.

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