Exxon Mobil Corporation $XOM Stake Boosted by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC increased its holdings in Exxon Mobil by 9.8%, acquiring an additional 61,584 shares, bringing its total ownership to 692,744 shares valued at approximately $82.4 million.
• Multiple institutional investors, including Quantinno Capital Management LP and Hartford Funds Management Co LLC, have also boosted their positions in Exxon Mobil, contributing to the overall 61.80% institutional ownership of the stock.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, translating to an annualized yield of 3.5%, with a payout ratio of 56.25%.

NewEdge Advisors LLC grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 692,744 shares of the oil and gas company's stock after buying an additional 61,584 shares during the period. NewEdge Advisors LLC's holdings in Exxon Mobil were worth $82,388,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Algert Global LLC boosted its position in shares of Exxon Mobil by 10.8% in the fourth quarter. Algert Global LLC now owns 21,374 shares of the oil and gas company's stock worth $2,299,000 after acquiring an additional 2,078 shares during the last quarter. Corton Capital Inc. acquired a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $228,000. Deutsche Bank AG boosted its position in shares of Exxon Mobil by 10.1% in the fourth quarter. Deutsche Bank AG now owns 11,612,582 shares of the oil and gas company's stock worth $1,249,165,000 after acquiring an additional 1,066,374 shares during the last quarter. Coastal Bridge Advisors LLC grew its position in Exxon Mobil by 1.1% during the fourth quarter. Coastal Bridge Advisors LLC now owns 106,532 shares of the oil and gas company's stock valued at $11,460,000 after acquiring an additional 1,137 shares during the period. Finally, Clarity Asset Management Inc. grew its position 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 valued at $47,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 2.8%

Shares of NYSE:XOM traded down $3.17 during trading on Friday, hitting $109.23. The company's stock had a trading volume of 16,823,996 shares, compared to its average volume of 14,092,043. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock's 50-day moving average price is $110.45 and its two-hundred day moving average price is $109.12. The company has a market capitalization of $465.66 billion, a PE ratio of 15.52, a PEG ratio of 2.04 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.Exxon Mobil's quarterly revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.14 earnings per share. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's payout ratio is currently 56.25%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Morgan Stanley boosted their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. UBS Group boosted their price objective on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Wall Street Zen cut Exxon Mobil from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Melius assumed coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $125.00.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Company 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.