Exxon Mobil Corporation $XOM Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 16.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,915,291 shares of the oil and gas company’s stock after buying an additional 824,381 shares during the period. Canada Pension Plan Investment Board’s holdings in Exxon Mobil were worth $637,668,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in XOM. Elequin Capital LP purchased a new position in Exxon Mobil in the 1st quarter valued at approximately $31,000. Game Plan Financial Advisors LLC raised its stake in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 300 shares in the last quarter. 1248 Management LLC purchased a new position in Exxon Mobil in the first quarter valued at $40,000. Marshall & Sullivan Inc. WA acquired a new position in Exxon Mobil during the 2nd quarter worth $38,000. Finally, Bare Financial Services Inc increased its holdings in Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.0%

Shares of NYSE XOM opened at $119.50 on Friday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $120.81. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $115.49 and a 200 day moving average price of $112.05. The stock has a market cap of $503.95 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 1.51 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.4%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on XOM shares. Jefferies Financial Group lifted their price objective on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley lifted their price target on shares of Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday. Piper Sandler increased their price objective on shares of Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. BNP Paribas Exane raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price objective for the company in a research report on Monday. Finally, Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $128.48.

Exxon Mobil Company 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.