Tocqueville Asset Management L.P. Has $21.12 Million Stake in Exxon Mobil Corporation $XOM

Key Points

• Tocqueville Asset Management L.P. increased its stake in Exxon Mobil by 2.4% during the first quarter, holding 177,564 shares worth approximately $21.12 million.
• Exxon Mobil reported $1.64 EPS in its most recent earnings, exceeding estimates, with revenue of $81.51 billion for the quarter.
• The company declared a quarterly dividend of $0.99 per share, indicating a 3.7% yield, with a payout ratio currently at 56.25%.

Tocqueville Asset Management L.P. lifted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 177,564 shares of the oil and gas company's stock after purchasing an additional 4,094 shares during the period. Tocqueville Asset Management L.P.'s holdings in Exxon Mobil were worth $21,118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Quantinno Capital Management LP lifted its stake in shares of Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after purchasing an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC acquired a new position in Exxon Mobil during the 4th quarter worth $55,000. Journey Strategic Wealth LLC lifted its position in Exxon Mobil by 6.7% during the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after acquiring an additional 1,379 shares during the last quarter. Legacy Trust lifted its position in Exxon Mobil by 12.7% during the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after acquiring an additional 997 shares during the last quarter. Finally, Hartford Funds Management Co LLC lifted its position in Exxon Mobil by 51.8% during the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after acquiring an additional 2,617 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.8%

NYSE XOM traded up $0.8850 during trading hours on Thursday, hitting $109.4150. The company's stock had a trading volume of 4,213,172 shares, compared to its average volume of 16,697,619. The stock has a fifty day moving average of $110.27 and a 200 day moving average of $108.87. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The firm has a market capitalization of $466.46 billion, a P/E ratio of 15.55, a PEG ratio of 2.01 and a beta of 0.53. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS 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 firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter in the prior year, the firm earned $2.14 earnings per share. The business's quarterly revenue was down 12.4% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio is presently 56.25%.

Analyst Ratings Changes

XOM has been the subject of a number of research analyst reports. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Melius started coverage on shares of Exxon Mobil in a report on Wednesday. They set a "hold" rating and a $111.00 price objective on the stock. Piper Sandler boosted their price objective on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $125.00.

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.