Exxon Mobil Corporation $XOM Shares Bought by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd has increased its holdings in Exxon Mobil Corporation by 5.9% in the 1st quarter, bringing their total to 254,595 shares valued at approximately $30.28 million.
• Exxon Mobil's recent quarterly earnings showed a profit of $1.64 per share, exceeding analyst expectations, although revenue declined 12.4% year-over-year.
• The company announced a quarterly dividend of $0.99 to be paid on September 10th, resulting in an annualized dividend yield of 3.6%.

UniSuper Management Pty Ltd lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 254,595 shares of the oil and gas company's stock after buying an additional 14,200 shares during the period. UniSuper Management Pty Ltd's holdings in Exxon Mobil were worth $30,279,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in XOM. Bank of New York Mellon Corp lifted its position 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 valued at $5,390,318,000 after purchasing an additional 1,340,343 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Exxon Mobil by 1.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company's stock worth $3,850,167,000 after purchasing an additional 512,860 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Exxon Mobil by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after purchasing an additional 2,639,797 shares during the last quarter. Amundi raised its position in shares of Exxon Mobil by 9.7% during the 1st quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock worth $2,966,598,000 after purchasing an additional 2,329,964 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Exxon Mobil by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company's stock valued at $3,028,968,000 after acquiring an additional 909,386 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Melius initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target for the company. Morgan Stanley raised their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Piper Sandler raised their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Exxon Mobil has an average rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Stock Up 0.7%

Shares of Exxon Mobil stock traded up $0.74 during trading on Monday, hitting $109.97. 15,437,960 shares of the stock were exchanged, compared to its average volume of 14,212,491. The stock has a market cap of $468.82 billion, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 2.04 and a beta of 0.57. The firm's 50-day moving average price is $110.49 and its 200 day moving average price is $109.09. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm's quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.14 earnings per share. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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