MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 9.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 470,726 shares of the oil and gas company's stock after buying an additional 40,472 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Exxon Mobil were worth $50,622,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of XOM. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the fourth quarter worth about $31,000. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $46,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $47,000. Finally, Synergy Investment Management LLC purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $47,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Down 0.4%

Shares of NYSE:XOM traded down $0.45 on Friday, hitting $108.13. 14,040,466 shares of the company traded hands, compared to its average volume of 15,557,895. The company has a market cap of $466.01 billion, a PE ratio of 13.79, a PEG ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The stock has a 50 day simple moving average of $109.00 and a 200-day simple moving average of $110.91.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. Exxon Mobil's revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 EPS. As a group, research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.66%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on XOM. Royal Bank of Canada decreased their target price on Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating for the company in a research report on Monday, May 5th. The Goldman Sachs Group decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Wells Fargo & Company lowered their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. BMO Capital Markets dropped their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a report on Friday, January 31st. Finally, Piper Sandler lowered their price target 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $125.50.

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.