Woodline Partners LP Acquires New Shares in Exxon Mobil Co. (NYSE:XOM)

Woodline Partners LP bought a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 263,944 shares of the oil and gas company's stock, valued at approximately $28,392,000.

Several other large investors have also recently bought and sold shares of the company. iSAM Funds UK Ltd acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $979,000. Victrix Investment Advisors acquired a new position in Exxon Mobil in the 4th quarter valued at approximately $837,000. Vident Advisory LLC raised its stake in shares of Exxon Mobil by 102.4% during the fourth quarter. Vident Advisory LLC now owns 397,354 shares of the oil and gas company's stock valued at $42,745,000 after acquiring an additional 200,985 shares during the last quarter. Virtus Investment Advisers Inc. acquired a new position in shares of Exxon Mobil during the fourth quarter worth $151,000. Finally, Spurstone Advisory Services LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth $366,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM opened at $104.87 on Wednesday. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The company has a market cap of $451.95 billion, a PE ratio of 13.38, a P/E/G ratio of 3.02 and a beta of 0.51. The stock has a 50-day moving average of $108.85 and a 200-day moving average of $110.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business's revenue was up .1% on a year-over-year basis. During the same period last year, the business earned $2.06 EPS. On average, equities research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Analyst Ratings Changes

Several research analysts recently issued reports on XOM shares. Mizuho lowered 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. UBS Group cut their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Barclays reduced their target price on Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Morgan Stanley lowered their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, Royal Bank of Canada reduced their price objective on shares of Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating on the stock in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

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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