Exxon Mobil Corporation (NYSE:XOM) Shares Bought by Mediolanum International Funds Ltd

Key Points

• Mediolanum International Funds Ltd increased its position in Exxon Mobil, acquiring 46,173 shares, bringing its total holdings to 721,739 shares, valued at approximately $84.97 million.
• ExxonMobil's recent quarterly earnings showed a slight increase in revenue compared to the previous year, with earnings per share of $1.76, beating analyst estimates.
• The company announced a quarterly dividend of $0.99 per share, resulting in an annualized dividend yield of 3.59% with a payout ratio of 52.52%.

Mediolanum International Funds Ltd raised its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 721,739 shares of the oil and gas company's stock after acquiring an additional 46,173 shares during the quarter. Exxon Mobil makes up 1.2% of Mediolanum International Funds Ltd's portfolio, making the stock its 13th biggest holding. Mediolanum International Funds Ltd's holdings in Exxon Mobil were worth $84,970,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in XOM. 10Elms LLP acquired a new position in Exxon Mobil in the fourth quarter valued at $25,000. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil in the first quarter valued at $29,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the fourth quarter valued at $32,000. Cloud Capital Management LLC acquired a new position in Exxon Mobil in the first quarter valued at $45,000. Finally, Clarity Asset Management Inc. boosted its holdings in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.6%

Exxon Mobil stock traded down $0.71 during midday trading on Wednesday, hitting $112.17. The stock had a trading volume of 4,541,381 shares, compared to its average volume of 16,750,760. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a market cap of $483.43 billion, a P/E ratio of 14.88, a P/E/G ratio of 2.10 and a beta of 0.50. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The business has a fifty day moving average price of $109.01 and a 200 day moving average price of $109.11.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the company earned $2.06 earnings per share. Exxon Mobil's quarterly revenue was up .1% on a year-over-year basis. Research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. Exxon Mobil's payout ratio is currently 52.52%.

Analyst Ratings Changes

A number of research analysts recently weighed in on XOM shares. UBS Group reduced 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. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. TD Cowen raised their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Morgan Stanley reissued an "overweight" rating on shares of Exxon Mobil in a research report on Tuesday, July 15th. One 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 data from MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and a consensus target price of $125.42.

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.