Victory Capital Management Inc. Acquires 235,704 Shares of Exxon Mobil Corporation (NYSE:XOM)

Victory Capital Management Inc. raised its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,249,214 shares of the oil and gas company's stock after purchasing an additional 235,704 shares during the quarter. Exxon Mobil accounts for 0.5% of Victory Capital Management Inc.'s investment portfolio, making the stock its 20th biggest holding. Victory Capital Management Inc. owned about 0.10% of Exxon Mobil worth $505,359,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. 10Elms LLP purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $25,000. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil in the first quarter worth $29,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil in the fourth quarter worth $32,000. Cloud Capital Management LLC bought a new stake in Exxon Mobil in the first quarter worth $45,000. Finally, Clarity Asset Management Inc. boosted its holdings in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 100 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on XOM shares. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. TD Cowen increased their price target 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. UBS Group dropped their price objective 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. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $126.05.

Exxon Mobil Stock Down 0.4%

Shares of NYSE:XOM traded down $0.50 during mid-day trading on Thursday, hitting $111.73. 13,149,953 shares of the company traded hands, compared to its average volume of 15,784,483. The firm has a market cap of $481.51 billion, a P/E ratio of 14.82, a PEG ratio of 2.09 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The firm's 50 day simple moving average is $108.54 and its 200 day simple moving average is $108.91.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $2.06 EPS. On average, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. Exxon Mobil's dividend payout ratio is 52.52%.

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.