Mondrian Investment Partners LTD reduced its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 725,095 shares of the oil and gas company's stock after selling 9,263 shares during the period. Mondrian Investment Partners LTD's holdings in Exxon Mobil were worth $86,236,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in Exxon Mobil during the 4th quarter valued at $552,000. AGP Franklin LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $2,551,000. M Holdings Securities Inc. grew its holdings in Exxon Mobil by 2.5% during the 4th quarter. M Holdings Securities Inc. now owns 25,952 shares of the oil and gas company's stock valued at $2,792,000 after buying an additional 641 shares during the last quarter. Rench Wealth Management Inc. grew its holdings in Exxon Mobil by 1.9% during the 4th quarter. Rench Wealth Management Inc. now owns 48,925 shares of the oil and gas company's stock valued at $5,263,000 after buying an additional 932 shares during the last quarter. Finally, Gabelli Funds LLC grew its holdings in Exxon Mobil by 0.8% during the 4th quarter. Gabelli Funds LLC now owns 634,590 shares of the oil and gas company's stock valued at $68,263,000 after buying an additional 5,000 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley raised their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Mizuho decreased their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, Piper Sandler raised their price objective on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of "Hold" and a consensus target price of $125.26.
Read Our Latest Analysis on Exxon Mobil
Exxon Mobil Stock Up 0.3%
Shares of NYSE:XOM opened at $106.10 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a 50 day moving average of $109.99 and a two-hundred day moving average of $108.92. The company has a market capitalization of $452.33 billion, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating 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 company had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter last year, the company earned $2.14 earnings per share. Exxon Mobil's revenue for the quarter was down 12.4% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.
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.
Read More
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Exxon Mobil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exxon Mobil wasn't on the list.
While Exxon Mobil currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.