Westwood Holdings Group Inc. Purchases 39,874 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Westwood Holdings Group Inc. increased its stake in Exxon Mobil by 5.1%, holding 826,438 shares valued at approximately $98.29 million as of the latest SEC filing.
• Exxon Mobil's stock declined by 2.2% to open at $107.25, alongside a recent earnings report showing $1.64 EPS, exceeding analyst estimates.
• The company announced a quarterly dividend of $0.99, set to be paid on September 10th, resulting in an annualized dividend yield of 3.7%.

Westwood Holdings Group Inc. grew its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 826,438 shares of the oil and gas company's stock after acquiring an additional 39,874 shares during the quarter. Westwood Holdings Group Inc.'s holdings in Exxon Mobil were worth $98,288,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northern Trust Corp raised its stake in 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 acquiring an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Exxon Mobil by 3.0% in 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 acquiring an additional 1,340,343 shares during the last quarter. Capital Research Global Investors boosted its holdings in Exxon Mobil by 3.9% in the fourth quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company's stock valued at $3,739,465,000 after acquiring an additional 1,293,111 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Exxon Mobil by 8.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company's stock worth $2,409,106,000 after buying an additional 1,550,248 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Exxon Mobil by 10.1% during the 4th quarter. Deutsche Bank AG now owns 11,612,582 shares of the oil and gas company's stock worth $1,249,165,000 after buying an additional 1,066,374 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho decreased their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Piper Sandler raised their target price on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $125.26.

Exxon Mobil Price Performance

Shares of NYSE XOM traded down $0.52 during trading hours on Thursday, reaching $105.99. 13,455,331 shares of the stock traded hands, compared to its average volume of 15,527,678. The company has a market capitalization of $451.85 billion, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 2.00 and a beta of 0.53. 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 Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company's 50-day simple moving average is $109.79 and its two-hundred day simple moving average is $109.00.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Exxon Mobil's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period last year, the firm posted $2.14 EPS. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 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.