Rafferty Asset Management LLC Buys 35,402 Shares of Exxon Mobil Co. (NYSE:XOM)

Rafferty Asset Management LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 857,833 shares of the oil and gas company's stock after buying an additional 35,402 shares during the period. Rafferty Asset Management LLC's holdings in Exxon Mobil were worth $92,277,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of XOM. RMR Wealth Builders increased its stake in Exxon Mobil by 3.1% in the 4th quarter. RMR Wealth Builders now owns 32,042 shares of the oil and gas company's stock worth $3,447,000 after purchasing an additional 960 shares during the period. FNY Investment Advisers LLC purchased a new position in Exxon Mobil in the 4th quarter worth approximately $1,118,000. Grandview Asset Management LLC increased its stake in Exxon Mobil by 16.1% in the 4th quarter. Grandview Asset Management LLC now owns 8,305 shares of the oil and gas company's stock worth $893,000 after purchasing an additional 1,150 shares during the period. Exeter Financial LLC increased its stake in Exxon Mobil by 2.6% in the 4th quarter. Exeter Financial LLC now owns 19,682 shares of the oil and gas company's stock worth $2,117,000 after purchasing an additional 494 shares during the period. Finally, Cullen Investment Group LTD. increased its stake in Exxon Mobil by 4.0% in the 4th quarter. Cullen Investment Group LTD. now owns 57,646 shares of the oil and gas company's stock worth $6,201,000 after purchasing an additional 2,201 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.4%

Shares of NYSE XOM traded down $0.45 during mid-day trading on Friday, hitting $108.13. 14,040,466 shares of the stock traded hands, compared to its average volume of 15,556,607. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a market cap of $466.01 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 3.02 and a beta of 0.51. The stock has a fifty day moving average price of $108.98 and a 200-day moving average price of $110.85.

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

Exxon Mobil Dividend Announcement

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

Analysts Set New Price Targets

XOM has been the topic of a number of analyst reports. Argus raised Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Scotiabank reduced their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. UBS Group reduced their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Piper Sandler reduced their target price on Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company reduced their target price 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and a consensus price target 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.