Principal Financial Group Inc. Boosts Stake in Exxon Mobil Corporation (NYSE:XOM)

Principal Financial Group Inc. grew its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,655,584 shares of the oil and gas company's stock after buying an additional 2,718 shares during the period. Principal Financial Group Inc. owned approximately 0.15% of Exxon Mobil worth $791,549,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Xcel Wealth Management LLC boosted its stake in shares of Exxon Mobil by 137.5% during the 1st quarter. Xcel Wealth Management LLC now owns 5,398 shares of the oil and gas company's stock worth $642,000 after purchasing an additional 3,125 shares during the period. MBM Wealth Consultants LLC boosted its stake in shares of Exxon Mobil by 17.0% during the 1st quarter. MBM Wealth Consultants LLC now owns 3,111 shares of the oil and gas company's stock worth $370,000 after purchasing an additional 452 shares during the period. Mutual Advisors LLC boosted its stake in shares of Exxon Mobil by 4.2% during the 1st quarter. Mutual Advisors LLC now owns 103,917 shares of the oil and gas company's stock worth $11,282,000 after purchasing an additional 4,203 shares during the period. Gutierrez Wealth Advisory LLC purchased a new position in shares of Exxon Mobil during the 1st quarter worth about $232,000. Finally, Buffington Mohr McNeal boosted its position in Exxon Mobil by 2.1% in the 1st quarter. Buffington Mohr McNeal now owns 8,539 shares of the oil and gas company's stock valued at $1,016,000 after buying an additional 173 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on XOM shares. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Scotiabank lowered their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Piper Sandler raised shares of Exxon Mobil from a "hold" rating to a "strong-buy" rating and boosted their price objective for the company from $125.00 to $131.00 in a research report on Wednesday, July 2nd. Finally, Mizuho lowered their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $125.40.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $1.07 during mid-day trading on Monday, reaching $111.13. 15,410,459 shares of the company traded hands, compared to its average volume of 15,770,223. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a market capitalization of $478.93 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50. The firm's fifty day moving average is $107.32 and its two-hundred day moving average is $108.54.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the prior year, the business posted $2.06 EPS. Exxon Mobil's revenue for the quarter was up .1% compared to the same quarter last year. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 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.