Algert Global LLC purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 19,296 shares of the oil and gas company's stock, valued at approximately $2,262,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. WFA Asset Management Corp grew its holdings in shares of Exxon Mobil by 18.2% during the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company's stock valued at $312,000 after purchasing an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of Exxon Mobil during the first quarter valued at about $933,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Exxon Mobil by 29.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 3,352 shares of the oil and gas company's stock worth $390,000 after buying an additional 762 shares during the period. New Covenant Trust Company N.A. bought a new stake in shares of Exxon Mobil in the 1st quarter valued at about $83,000. Finally, National Wealth Management Group LLC purchased a new stake in Exxon Mobil during the 1st quarter valued at about $214,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exxon Mobil stock opened at $117.98 on Wednesday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The firm has a market cap of $518.53 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 5.10 and a beta of 0.90. The company has a 50-day moving average of $119.61 and a 200 day moving average of $116.56. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the firm earned $2.27 earnings per share. The business's revenue for the quarter was down .8% on a year-over-year basis. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.96 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.36%. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil's payout ratio is 49.32%.
Several brokerages have weighed in on XOM. The Goldman Sachs Group boosted their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Truist Financial lowered their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a report on Monday, September 30th. TD Cowen raised their price target on shares of Exxon Mobil from $127.00 to $132.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. BNP Paribas downgraded shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price objective for the company. in a research note on Wednesday, October 9th. Finally, Scotiabank upgraded shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average target price of $129.95.
Get Our Latest Stock Report on XOM
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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