Massachusetts Financial Services Co. MA Buys 1,550,248 Shares of Exxon Mobil Corporation (NYSE:XOM)

Massachusetts Financial Services Co. MA increased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 8.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,256,504 shares of the oil and gas company's stock after purchasing an additional 1,550,248 shares during the quarter. Exxon Mobil accounts for about 0.8% of Massachusetts Financial Services Co. MA's investment portfolio, making the stock its 20th largest holding. Massachusetts Financial Services Co. MA owned about 0.47% of Exxon Mobil worth $2,409,106,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in XOM. 10Elms LLP acquired a new position in Exxon Mobil during the fourth quarter worth about $25,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $32,000. Cloud Capital Management LLC acquired a new position in Exxon Mobil during the first quarter worth about $45,000. Clarity Asset Management Inc. grew its holdings in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 100 shares during the period. Finally, ZynergyRetirementPlanningLLC grew its holdings in Exxon Mobil by 29.2% during the first quarter. ZynergyRetirementPlanningLLC now owns 443 shares of the oil and gas company's stock worth $53,000 after acquiring an additional 100 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM traded down $0.38 on Thursday, reaching $111.85. 6,298,747 shares of the stock traded hands, compared to its average volume of 15,751,083. The firm has a market cap of $482.02 billion, a price-to-earnings ratio of 14.83, a P/E/G ratio of 2.15 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. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The stock's 50-day moving average price is $108.54 and its 200-day moving average price is $108.91.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil's quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $2.06 earnings per share. Equities analysts forecast 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 was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. UBS Group dropped their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. TD Cowen lifted their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Piper Sandler lifted their price target on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus price target of $126.05.

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.