Flagship Harbor Advisors LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 3.5% during the second quarter, HoldingsChannel reports. The fund owned 28,897 shares of the oil and gas company’s stock after buying an additional 973 shares during the period. Flagship Harbor Advisors LLC’s holdings in Exxon Mobil were worth $2,475,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Exxon Mobil by 2.5% during the first quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company’s stock worth $30,098,496,000 after acquiring an additional 8,825,023 shares during the period. State Street Corp lifted its position in shares of Exxon Mobil by 0.4% in the fourth quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock valued at $15,494,002,000 after acquiring an additional 1,128,974 shares in the last quarter. Norges Bank purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at $3,184,424,000. GQG Partners LLC lifted its position in shares of Exxon Mobil by 59.9% in the first quarter. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company’s stock valued at $4,277,527,000 after acquiring an additional 19,403,556 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Exxon Mobil by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after acquiring an additional 560,517 shares in the last quarter. Institutional investors and hedge funds own 56.84% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Exxon Mobil from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, September 6th. Evercore ISI upgraded Exxon Mobil from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. The Goldman Sachs Group upped their price objective on Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Piper Sandler dropped their target price on Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating for the company in a research note on Monday, September 12th. Finally, HSBC upped their target price on Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a research note on Wednesday, July 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $96.69.
Exxon Mobil Stock Performance
Shares of NYSE:XOM opened at $90.57 on Friday. The firm has a market capitalization of $377.46 billion, a PE ratio of 9.91, a P/E/G ratio of 0.30 and a beta of 1.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. The business has a 50-day moving average of $93.05 and a two-hundred day moving average of $89.79. Exxon Mobil Co. has a 12 month low of $55.28 and a 12 month high of $105.57.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.74 by $0.40. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The business had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. During the same quarter last year, the firm earned $1.10 earnings per share. The company’s revenue for the quarter was up 70.8% compared to the same quarter last year. As a group, research analysts forecast that Exxon Mobil Co. will post 12.67 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.89%. Exxon Mobil’s dividend payout ratio (DPR) is currently 38.51%.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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