Trek Financial LLC raised its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 144.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,168 shares of the oil and gas company's stock after acquiring an additional 26,130 shares during the quarter. Trek Financial LLC's holdings in Exxon Mobil were worth $5,253,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of 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 purchasing an additional 1,104,617 shares during the last quarter. Norges Bank acquired a new position in Exxon Mobil in the 4th quarter valued at approximately $6,936,737,000. Northern Trust Corp increased its position in shares of Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after buying an additional 2,998,892 shares during the period. Bank of New York Mellon Corp boosted its stake in Exxon Mobil by 3.0% during the first 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 in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Exxon Mobil by 13.1% during the fourth 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 in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Piper Sandler upped their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho lowered their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Finally, UBS Group reduced their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.05.
Check Out Our Latest Stock Analysis on XOM
Exxon Mobil Price Performance
Shares of NYSE XOM traded up $0.64 during mid-day trading on Friday, reaching $115.57. The company had a trading volume of 5,014,655 shares, compared to its average volume of 15,761,842. The stock has a market cap of $498.07 billion, a PE ratio of 15.33, a P/E/G ratio of 2.19 and a beta of 0.50. The company has a 50-day moving average price of $107.83 and a two-hundred day moving average price of $108.72. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm earned $2.06 earnings per share. On average, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The firm also recently announced 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 3.43%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.
About Exxon Mobil
(
Free Report)
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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