Y Intercept Hong Kong Ltd Takes $8.56 Million Position in Exxon Mobil Corporation (NYSE:XOM)

Y Intercept Hong Kong Ltd acquired a new stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 71,980 shares of the oil and gas company's stock, valued at approximately $8,561,000. Exxon Mobil comprises approximately 0.6% of Y Intercept Hong Kong Ltd's investment portfolio, making the stock its 15th biggest position.

Other hedge funds also recently made changes to their positions in the company. 10Elms LLP bought a new position in Exxon Mobil during the 4th quarter worth approximately $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil in the 1st quarter worth $29,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth $32,000. Cloud Capital Management LLC purchased a new position in Exxon Mobil during the first quarter valued at $45,000. Finally, Clarity Asset Management Inc. lifted its position in shares of 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 valued at $47,000 after acquiring an additional 100 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent analyst reports. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Mizuho decreased their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler upped their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, TD Cowen lifted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $125.42.

Exxon Mobil Trading Down 0.2%

XOM traded down $0.18 during trading on Tuesday, reaching $107.87. 2,548,292 shares of the stock traded hands, compared to its average volume of 15,813,965. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $464.88 billion, a PE ratio of 14.30, a P/E/G ratio of 2.01 and a beta of 0.50. The stock's 50-day moving average is $108.66 and its 200 day moving average is $108.98. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the business earned $2.06 EPS. Exxon Mobil's revenue was up .1% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given 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 yield of 3.67%. Exxon Mobil's dividend payout ratio (DPR) is 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.

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