Worldquant Millennium Advisors LLC Grows Position in Exxon Mobil Co. (NYSE:XOM)

Worldquant Millennium Advisors LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 150.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,408,156 shares of the oil and gas company's stock after purchasing an additional 845,730 shares during the quarter. Exxon Mobil comprises 1.0% of Worldquant Millennium Advisors LLC's portfolio, making the stock its 13th largest position. Worldquant Millennium Advisors LLC's holdings in Exxon Mobil were worth $151,475,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of XOM. Fairway Wealth LLC acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $31,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $36,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $47,000. Synergy Investment Management LLC acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $47,000. Finally, Clarity Asset Management Inc. lifted its position in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Scotiabank reduced their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Royal Bank of Canada reduced their target price on shares of Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating on the stock in a research report on Monday, May 5th. The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Piper Sandler reduced their target price on shares of Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Stock Down 1.7%

XOM stock opened at $106.40 on Tuesday. 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 Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The firm has a fifty day moving average price of $108.92 and a two-hundred day moving average price of $110.71. The firm has a market cap of $458.55 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results 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. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The firm's revenue for the quarter was up .1% compared to the same quarter last year. Research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.72%. Exxon Mobil's dividend payout ratio is currently 52.52%.

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.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.