Exxon Mobil Corporation $XOM Shares Purchased by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 16.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,247 shares of the oil and gas company’s stock after purchasing an additional 8,631 shares during the quarter. Bridgewater Advisors Inc.’s holdings in Exxon Mobil were worth $6,914,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Nuveen LLC acquired a new stake in Exxon Mobil during the 1st quarter worth approximately $2,730,414,000. GQG Partners LLC increased its position in Exxon Mobil by 15,135.7% during the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock worth $1,197,753,000 after purchasing an additional 10,004,975 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Exxon Mobil in the second quarter valued at approximately $607,621,000. Ameriprise Financial Inc. grew its position in Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after acquiring an additional 2,639,797 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Exxon Mobil by 72.5% in the second quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock valued at $598,280,000 after acquiring an additional 2,332,293 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Barclays lowered their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Finally, Melius initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.00.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $114.52 on Monday. The stock has a market cap of $488.21 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average of $113.26 and a 200-day moving average of $110.03. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion for the quarter. On average, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.6%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 57.56%.

About Exxon Mobil

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.