Exxon Mobil Corporation $XOM Shares Acquired by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. has increased its stake in Exxon Mobil Corporation by 126.0%, owning a total of 31,428 shares valued at approximately $3.74 million.
• Recent upgrades from analysts include a target price boost from TD Cowen to $128.00 and from Piper Sandler to $134.00, with a consensus rating of "Hold" and a target price of $125.26.
• Exxon Mobil announced a quarterly dividend of $0.99, representing an annualized payout of $3.96 and a yield of 3.7%, with a dividend payout ratio of 56.25%.

Vestmark Advisory Solutions Inc. increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 126.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,428 shares of the oil and gas company's stock after acquiring an additional 17,520 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Exxon Mobil were worth $3,738,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in Exxon Mobil during the fourth quarter worth $552,000. Alpha DNA Investment Management LLC boosted its position in Exxon Mobil by 62.1% during the fourth quarter. Alpha DNA Investment Management LLC now owns 22,168 shares of the oil and gas company's stock worth $2,385,000 after purchasing an additional 8,489 shares in the last quarter. Commerce Bank boosted its position in Exxon Mobil by 1.0% during the fourth quarter. Commerce Bank now owns 1,521,139 shares of the oil and gas company's stock worth $163,629,000 after purchasing an additional 14,901 shares in the last quarter. Holcombe Financial Inc. purchased a new stake in Exxon Mobil during the fourth quarter worth $1,123,000. Finally, Frederick Financial Consultants LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at $357,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

XOM has been the topic of several recent research reports. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. TD Cowen upped their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Finally, Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $125.84.

Exxon Mobil Trading Up 0.6%

NYSE:XOM traded up $0.5940 on Tuesday, hitting $107.3140. 16,106,207 shares of the stock were exchanged, compared to its average volume of 16,765,973. The stock has a market cap of $457.51 billion, a PE ratio of 15.24, a PEG ratio of 2.00 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average of $110.29 and a 200-day moving average of $108.88. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

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 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. The company had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm's revenue was down 12.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.14 earnings per share. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.99 per share. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.7%. Exxon Mobil's dividend payout ratio is currently 56.25%.

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.