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Los Angeles Capital Management LLC Has $27.60 Million Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Exxon Mobil logo with Energy background

Los Angeles Capital Management LLC lifted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 59.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,039 shares of the oil and gas company's stock after buying an additional 86,822 shares during the period. Los Angeles Capital Management LLC's holdings in Exxon Mobil were worth $27,596,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quantinno Capital Management LP boosted its stake in shares of Exxon Mobil by 24.1% during the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after acquiring an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $55,000. Legacy Trust raised its holdings in shares of Exxon Mobil by 12.7% during 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. Paradigm Capital Management LLC NV raised its holdings in Exxon Mobil by 1.6% during the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock valued at $1,532,000 after buying an additional 227 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its stake in shares of Exxon Mobil by 24.2% in the first quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company's stock worth $4,605,000 after purchasing an additional 7,543 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho lowered their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. UBS Group decreased their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $125.42.

Get Our Latest Stock Analysis on Exxon Mobil

Exxon Mobil Trading Up 0.5%

NYSE XOM traded up $0.55 during mid-day trading on Tuesday, hitting $108.60. The company's stock had a trading volume of 13,966,836 shares, compared to its average volume of 15,857,661. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The stock's fifty day simple moving average is $108.66 and its two-hundred day simple moving average is $108.98. 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 firm has a market capitalization of $468.04 billion, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 2.01 and a beta of 0.50.

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. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business's revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.06 earnings per share. Research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Exxon Mobil Profile

(Free Report)

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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