Quantitative Investment Management LLC Makes New $6.53 Million Investment in Exxon Mobil Corporation $XOM

Key Points

• Quantitative Investment Management LLC has made a new investment of approximately $6.53 million in Exxon Mobil Corporation by acquiring 54,901 shares during the first quarter.
• Several institutional investors have significantly increased their stakes in Exxon Mobil, with Jump Financial LLC raising its stake by 1,241.2% to own 89,350 shares worth $10.6 million.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, which translates to an annualized yield of 3.6% and reflects a dividend payout ratio of 56.25%.

Quantitative Investment Management LLC bought a new position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 54,901 shares of the oil and gas company's stock, valued at approximately $6,529,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jump Financial LLC raised its stake in Exxon Mobil by 1,241.2% during the 1st quarter. Jump Financial LLC now owns 89,350 shares of the oil and gas company's stock worth $10,626,000 after acquiring an additional 82,688 shares during the period. SVB Wealth LLC raised its stake in Exxon Mobil by 5.2% during the 1st quarter. SVB Wealth LLC now owns 163,088 shares of the oil and gas company's stock worth $19,396,000 after acquiring an additional 8,036 shares during the period. Cadence Bank raised its stake in Exxon Mobil by 0.4% during the 1st quarter. Cadence Bank now owns 212,146 shares of the oil and gas company's stock worth $25,231,000 after acquiring an additional 834 shares during the period. Smartleaf Asset Management LLC raised its stake in Exxon Mobil by 14.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 36,858 shares of the oil and gas company's stock worth $4,339,000 after acquiring an additional 4,761 shares during the period. Finally, Bahl & Gaynor Inc. grew its holdings in Exxon Mobil by 14.1% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,181,994 shares of the oil and gas company's stock valued at $140,575,000 after buying an additional 146,012 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on XOM shares. Melius Research started coverage on shares of Exxon Mobil in a report on Wednesday. They set a "hold" rating and a $111.00 price objective for the company. Melius started coverage on shares of Exxon Mobil in a report on Wednesday. They set a "hold" rating and a $111.00 price objective for the company. UBS Group increased their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a report on Wednesday. Morgan Stanley increased their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Trading Up 1.7%

XOM stock opened at $111.1220 on Friday. The firm has a fifty day moving average price of $110.24 and a 200 day moving average price of $108.88. 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 debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm has a market cap of $473.74 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 2.08 and a beta of 0.53.

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 for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same period last year, the firm posted $2.14 earnings per share. Exxon Mobil's revenue for the quarter was down 12.4% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Exxon Mobil 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.

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