Ontario Teachers Pension Plan Board Purchases 4,059 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Ontario Teachers Pension Plan Board increased its stake in Exxon Mobil by 76.4% during the first quarter, now owning 9,370 shares valued at approximately $1.11 million.
• Exxon Mobil reported a quarterly EPS of $1.64, surpassing expectations, with a revenue of $81.51 billion, though this reflects a 12.4% decline year-over-year.
• The company will pay a quarterly dividend of $0.99 per share on September 10th, with a dividend yield of 3.7% and a payout ratio of 56.25%.

Ontario Teachers Pension Plan Board boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 76.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,370 shares of the oil and gas company's stock after buying an additional 4,059 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Exxon Mobil were worth $1,114,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in XOM. GAMMA Investing LLC raised its holdings in Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after purchasing an additional 9,391,614 shares during the last quarter. Northern Trust Corp increased its stake in Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after purchasing an additional 2,998,892 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Exxon Mobil during the 4th quarter valued at $240,653,000. Massachusetts Financial Services Co. MA increased its stake in Exxon Mobil by 8.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company's stock valued at $2,409,106,000 after purchasing an additional 1,550,248 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Exxon Mobil by 68.3% in the 1st quarter. Federated Hermes Inc. now owns 3,406,119 shares of the oil and gas company's stock worth $405,090,000 after acquiring an additional 1,382,760 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on XOM. TD Cowen lifted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Mizuho decreased their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $125.26.

Exxon Mobil Trading Up 0.3%

Shares of XOM stock traded up $0.27 during trading hours on Tuesday, reaching $106.10. The company's stock had a trading volume of 14,096,481 shares, compared to its average volume of 16,789,721. The stock has a market capitalization of $452.33 billion, a P/E ratio of 15.07, a P/E/G ratio of 2.01 and a beta of 0.53. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The firm's fifty day simple moving average is $109.94 and its 200 day simple moving average is $108.94. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results 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. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter in the previous year, the business posted $2.14 earnings per share. The firm's revenue for the quarter was down 12.4% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current 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 issued 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 is Friday, August 15th. Exxon Mobil's payout ratio is 56.25%.

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.