Versor Investments LP Has $1.20 Million Holdings in Exxon Mobil Corporation $XOM

Key Points

• Versor Investments LP increased its holdings in Exxon Mobil by 136.6% in Q1, now owning shares valued at approximately $1.20 million.
• Exxon Mobil's stock recently experienced a surge in analyst price targets, with Piper Sandler lifting their objective to $134.00 and TD Cowen increasing theirs to $128.00.
• The company announced a quarterly dividend of $0.99 per share, representing an annualized yield of 3.7%, scheduled for payment on September 10th.

Versor Investments LP lifted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 136.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,100 shares of the oil and gas company's stock after purchasing an additional 5,831 shares during the period. Versor Investments LP's holdings in Exxon Mobil were worth $1,201,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Summit Securities Group LLC acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at $190,000. FCG Investment Co lifted its stake in shares of Exxon Mobil by 7.8% in the 1st quarter. FCG Investment Co now owns 30,877 shares of the oil and gas company's stock valued at $3,672,000 after purchasing an additional 2,234 shares during the last quarter. Algert Global LLC lifted its stake in shares of Exxon Mobil by 8.9% in the 1st quarter. Algert Global LLC now owns 23,269 shares of the oil and gas company's stock valued at $2,767,000 after purchasing an additional 1,895 shares during the last quarter. Cascade Financial Partners LLC lifted its stake in shares of Exxon Mobil by 12.5% in the 1st quarter. Cascade Financial Partners LLC now owns 2,800 shares of the oil and gas company's stock valued at $333,000 after purchasing an additional 311 shares during the last quarter. Finally, Seven Mile Advisory lifted its stake in shares of Exxon Mobil by 8.6% in the 1st quarter. Seven Mile Advisory now owns 4,967 shares of the oil and gas company's stock valued at $591,000 after purchasing an additional 395 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on XOM shares. Piper Sandler lifted their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. TD Cowen boosted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Morgan Stanley boosted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Wall Street Zen lowered shares of Exxon Mobil from a "hold" rating to a "sell" rating in a research report on Saturday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil currently has an average rating of "Hold" and an average target price of $125.26.

Exxon Mobil Stock Performance

NYSE XOM opened at $106.54 on Monday. The stock has a market cap of $454.21 billion, a P/E ratio of 15.13, a PEG ratio of 2.00 and a beta of 0.53. The company's 50-day simple moving average is $110.25 and its 200 day simple moving average is $108.88. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. 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 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. The business had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm's revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.14 earnings per share. As a group, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. Exxon Mobil's payout ratio is presently 56.25%.

Exxon Mobil Company 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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