Pzena Investment Management LLC Has $73.19 Million Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Pzena Investment Management LLC lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 615,423 shares of the oil and gas company's stock after purchasing an additional 19,034 shares during the period. Pzena Investment Management LLC's holdings in Exxon Mobil were worth $73,192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in Exxon Mobil by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after acquiring an additional 1,104,617 shares during the period. Norges Bank bought a new position in Exxon Mobil during the 4th quarter worth $6,936,737,000. 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 worth $4,950,087,000 after acquiring an additional 2,998,892 shares during the period. Bank of New York Mellon Corp increased its stake in Exxon Mobil by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock worth $5,390,318,000 after acquiring an additional 1,340,343 shares during the period. Finally, Franklin Resources Inc. increased its stake in Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares during the period. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on XOM. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. TD Cowen lifted their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $125.42.

Exxon Mobil Trading Down 3.4%

XOM traded down $3.79 during midday trading on Friday, hitting $107.87. 32,323,515 shares of the company were exchanged, compared to its average volume of 15,861,809. The firm has a market capitalization of $464.88 billion, a P/E ratio of 14.31, a P/E/G ratio of 2.08 and a beta of 0.50. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The firm's 50 day moving average price is $108.65 and its 200-day moving average price is $108.96. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.06 EPS. As a group, equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is 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.