Woodline Partners LP Buys 103,820 Shares of Exxon Mobil Corporation $XOM

Key Points

• Woodline Partners LP increased its stake in Exxon Mobil Corporation by 39.3%, acquiring an additional 103,820 shares, bringing its total holdings to 367,764 shares valued at approximately $43.7 million.
• Exxon Mobil reported a second-quarter earnings per share of $1.64, exceeding expectations, with revenue totaling $81.51 billion, though down 12.4% year-over-year.
• The company announced a quarterly dividend of $0.99 per share, with an annualized payout of $3.96 and a dividend yield of 3.6%.

Woodline Partners LP increased its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 39.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 367,764 shares of the oil and gas company's stock after purchasing an additional 103,820 shares during the period. Woodline Partners LP's holdings in Exxon Mobil were worth $43,738,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in shares of Exxon Mobil by 23.0% during the fourth quarter. Janus Henderson Group PLC now owns 709,539 shares of the oil and gas company's stock worth $76,362,000 after buying an additional 132,507 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Exxon Mobil by 300.1% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 14,261 shares of the oil and gas company's stock worth $1,534,000 after acquiring an additional 10,697 shares during the last quarter. Leigh Baldwin & CO. LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $120,962,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Exxon Mobil by 9.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 470,726 shares of the oil and gas company's stock worth $50,622,000 after acquiring an additional 40,472 shares in the last quarter. Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $939,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 0.7%

Exxon Mobil stock opened at $109.97 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company's 50-day moving average is $110.49 and its 200-day moving average is $109.09. The firm has a market capitalization of $468.82 billion, a PE ratio of 15.62, a P/E/G ratio of 2.04 and a beta of 0.57. 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 issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period last year, the business posted $2.14 EPS. Exxon Mobil's revenue was down 12.4% on a year-over-year basis. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share 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 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on XOM. TD Cowen increased their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Morgan Stanley boosted their price target 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. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Melius started coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price on the stock. Finally, Mizuho dropped their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven 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 currently has an average rating of "Hold" and an average target price of $125.00.

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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