Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Zurcher Kantonalbank increased its stake in Exxon Mobil by 2.1%, purchasing an additional 44,844 shares, bringing its total holdings to over 2.2 million shares.
• Exxon Mobil recently reported quarterly earnings of $1.76 per share, exceeding analyst expectations, but its revenue of $83.13 billion fell short of estimates.
• The company declared a quarterly dividend of $0.99 per share, yielding an annualized rate of 3.59%, with a payout ratio of approximately 52.52%.

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,222,210 shares of the oil and gas company's stock after acquiring an additional 44,844 shares during the period. Exxon Mobil comprises about 0.8% of Zurcher Kantonalbank Zurich Cantonalbank's investment portfolio, making the stock its 18th biggest holding. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of Exxon Mobil worth $264,287,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $25,000. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil in the first quarter worth approximately $29,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth about $32,000. Cloud Capital Management LLC bought a new position in shares of Exxon Mobil in the first quarter valued at approximately $45,000. Finally, Clarity Asset Management Inc. lifted its position in Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.6%

NYSE:XOM traded down $0.72 during trading hours on Wednesday, reaching $112.16. The company's stock had a trading volume of 4,541,381 shares, compared to its average volume of 16,750,760. The firm has a market capitalization of $483.37 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 2.10 and a beta of 0.50. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The firm has a 50-day simple moving average of $109.01 and a 200-day simple moving average of $109.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS 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 company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period in the prior year, the business posted $2.06 EPS. The firm's revenue was up .1% compared to the same quarter last year. Research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued 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 3.53%. Exxon Mobil's dividend payout ratio is presently 52.52%.

Analyst Ratings Changes

XOM has been the topic of several recent research reports. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. TD Cowen increased their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Finally, UBS Group dropped their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $125.42.

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.