28,000 Shares in Exxon Mobil Corporation (NYSE:XOM) Acquired by RedJay Asset Management Inc.

RedJay Asset Management Inc. acquired a new stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 28,000 shares of the oil and gas company's stock, valued at approximately $3,330,000. Exxon Mobil makes up approximately 1.8% of RedJay Asset Management Inc.'s holdings, making the stock its 22nd biggest position.

Several other institutional investors have also made changes to their positions in XOM. 10Elms LLP bought a new position in shares of Exxon Mobil in the fourth quarter worth about $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil during the 4th quarter worth $32,000. Synergy Investment Management LLC bought a new position in Exxon Mobil in the 4th quarter valued at $47,000. Finally, Clarity Asset Management Inc. increased its stake in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Exxon Mobil stock traded up $1.10 during trading hours on Friday, hitting $112.15. The company had a trading volume of 11,223,580 shares, compared to its average volume of 15,759,096. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The firm has a market cap of $483.33 billion, a PE ratio of 14.87, a PEG ratio of 2.16 and a beta of 0.50. The firm has a 50-day moving average of $107.32 and a 200 day moving average of $108.51. 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 (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter last year, the business earned $2.06 EPS. The company's quarterly revenue was up .1% compared to the same quarter last year. On average, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is 52.52%.

Analysts Set New Price Targets

XOM has been the topic of several recent research reports. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler raised shares of Exxon Mobil from a "hold" rating to a "strong-buy" rating and raised their target price for the company from $125.00 to $131.00 in a research note on Wednesday. TD Cowen upped their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, ten have assigned 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, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.40.

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.