NFJ Investment Group LLC Has $41.79 Million Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• NFJ Investment Group LLC increased its stake in Exxon Mobil Corporation by 13.3% in the first quarter, now holding approximately $41.79 million worth of shares.
• Exxon Mobil recently reported earnings of $1.64 per share and revenue of $81.51 billion, exceeding analysts' expectations for the quarter.
• The company declared a quarterly dividend of $0.99, which represents an annualized yield of 3.5%, with a payout ratio of 56.25%.

NFJ Investment Group LLC increased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 13.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 351,338 shares of the oil and gas company's stock after purchasing an additional 41,126 shares during the quarter. Exxon Mobil accounts for 1.4% of NFJ Investment Group LLC's portfolio, making the stock its 14th largest position. NFJ Investment Group LLC's holdings in Exxon Mobil were worth $41,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in Exxon Mobil by 3.0% in 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 acquiring an additional 1,340,343 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Exxon Mobil by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company's stock worth $3,850,167,000 after purchasing an additional 512,860 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Exxon Mobil by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after acquiring an additional 2,639,797 shares during the period. Amundi increased its holdings in shares of Exxon Mobil by 9.7% in the 1st quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock worth $2,966,598,000 after acquiring an additional 2,329,964 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Exxon Mobil by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company's stock valued at $3,028,968,000 after buying an additional 909,386 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 2.8%

XOM stock traded down $3.17 during midday trading on Friday, reaching $109.23. The stock had a trading volume of 16,823,996 shares, compared to its average volume of 14,092,043. The business has a fifty day simple moving average of $110.45 and a two-hundred day simple moving average of $109.12. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The firm has a market cap of $465.66 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 2.04 and a beta of 0.57. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. The company 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%.The company's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.14 EPS. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business 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 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

Analysts Set New Price Targets

Several research firms have recently weighed in on XOM. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler increased their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. UBS Group increased their price target on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. TD Cowen raised their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Finally, Morgan Stanley lifted their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of "Hold" and a consensus price target of $125.00.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred on 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 transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company's stock.

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.