Exxon Mobil Corporation (NYSE:XOM) Shares Acquired by Metis Global Partners LLC

Key Points

• Metis Global Partners LLC increased its stake in Exxon Mobil Corporation (NYSE:XOM) by 10.7% during the 1st quarter, holding a total of 268,066 shares valued at approximately $31.88 million.
• Exxon Mobil reported $1.76 earnings per share (EPS) for the latest quarter, surpassing analyst expectations of $1.73, although revenue fell slightly short of forecasts at $83.13 billion.
• The company also declared a quarterly dividend of $0.99 per share, representing an annualized dividend yield of 3.59%.

Metis Global Partners LLC raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 10.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 268,066 shares of the oil and gas company's stock after acquiring an additional 25,870 shares during the period. Exxon Mobil makes up approximately 0.9% of Metis Global Partners LLC's holdings, making the stock its 17th biggest position. Metis Global Partners LLC's holdings in Exxon Mobil were worth $31,881,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC boosted its position in shares of Exxon Mobil by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after acquiring an additional 1,104,617 shares during the last quarter. Northern Trust Corp increased its stake in Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Exxon Mobil by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock valued at $5,390,318,000 after buying an additional 1,340,343 shares during the period. Franklin Resources Inc. increased its stake in shares of Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after buying an additional 4,140,046 shares during the period. Finally, Capital Research Global Investors increased its stake in shares of Exxon Mobil by 3.9% during the fourth quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company's stock valued at $3,739,465,000 after buying an additional 1,293,111 shares during the period. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

XOM has been the topic of several analyst reports. Morgan Stanley reiterated an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. UBS Group decreased their target price 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. Finally, Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average price target of $125.42.

Exxon Mobil Price Performance

Exxon Mobil stock traded up $0.29 during mid-day trading on Thursday, hitting $112.19. 8,312,136 shares of the company were exchanged, compared to its average volume of 16,747,141. 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 business's 50 day simple moving average is $109.17 and its two-hundred day simple moving average is $109.13. The company has a market capitalization of $483.49 billion, a P/E ratio of 14.87, a PEG ratio of 2.12 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.

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 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.06 earnings per share. Analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

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.