2 weeks Ago By ABMN Staff
Parallel Advisors LLC increased its position in Exxon Mobil Co. ( NYSE:XOM – Free Report ) by 14.2% in the second quarter, Holdings Channel.
com reports. The fund owned 70,740 shares of the oil and gas company’s stock after acquiring an additional 8,820 shares during the quarter. Parallel Advisors LLC’s holdings in Exxon Mobil were worth $8,144,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Exxon Mobil by 0.
3% during the 4th quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock valued at $38,846,569,000 after purchasing an additional 1,269,495 shares in the last quarter.
Price T Rowe Associates Inc. MD lifted its stake in Exxon Mobil by 6.3% during the first quarter.
Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after purchasing an additional 2,676,652 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Exxon Mobil by 11.
3% in the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock worth $4,640,756,000 after buying an additional 4,080,716 shares in the last quarter. Capital International Investors grew its position in Exxon Mobil by 25.
1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after acquiring an additional 5,523,429 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Exxon Mobil by 6.
0% in the 4th quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock worth $1,838,462,000 after acquiring an additional 1,037,226 shares during the last quarter. Hedge funds and other institutional investors own 61.
80% of the company’s stock. Exxon Mobil Stock Down 0.1 % Shares of NYSE:XOM opened at $111.
15 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.
01 and a current ratio of 1.36. Exxon Mobil Co.
has a 52-week low of $95.77 and a 52-week high of $123.75.
The firm has a market capitalization of $438.27 billion, a P/E ratio of 13.62, a P/E/G ratio of 4.
38 and a beta of 0.90. The stock has a 50 day moving average price of $115.
66 and a 200-day moving average price of $115.14. Exxon Mobil Announces Dividend The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th.
Shareholders of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.
80 annualized dividend and a yield of 3.42%. The ex-dividend date was Thursday, August 15th.
Exxon Mobil’s dividend payout ratio (DPR) is 46.57%. Analysts Set New Price Targets A number of brokerages have recently issued reports on XOM.
Truist Financial reduced their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd.
Wolfe Research assumed coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company.
UBS Group raised their target price on shares of Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th.
Royal Bank of Canada reiterated a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Finally, Barclays cut their price target on shares of Exxon Mobil from $147.
00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock.
According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $136.29.
Get Our Latest Stock Report on XOM About Exxon Mobil ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. ( NYSE:XOM – Free Report ).
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