Exxon Mobil Corporation $XOM Shares Purchased by Jennison Associates LLC

Jennison Associates LLC boosted its stake in Exxon Mobil Corporation (NYSE:XOM) by 3.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,827,598 shares of the oil and gas company’s stock after acquiring an additional 52,787 shares during the quarter. Jennison Associates LLC’s holdings in Exxon Mobil were worth $197,015,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Eagle Capital Management LLC boosted its stake in Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the last quarter. Ironwood Wealth Management LLC. acquired a new stake in Exxon Mobil during the 1st quarter worth $200,000. Brucke Financial Inc. boosted its stake in Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after purchasing an additional 142 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in Exxon Mobil by 3.9% during the 1st quarter. Golden State Wealth Management LLC now owns 9,659 shares of the oil and gas company’s stock worth $1,149,000 after purchasing an additional 360 shares during the last quarter. Finally, Hobbs Wealth Management LLC boosted its stake in Exxon Mobil by 5.2% during the 1st quarter. Hobbs Wealth Management LLC now owns 2,283 shares of the oil and gas company’s stock worth $272,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.1%

NYSE XOM opened at $116.34 on Thursday. The firm has a market cap of $496.00 billion, a PE ratio of 16.53, a P/E/G ratio of 2.04 and a beta of 0.51. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. The business’s fifty day simple moving average is $113.08 and its 200-day simple moving average is $109.83. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

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

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. Exxon Mobil’s dividend payout ratio is 56.25%.

Analyst Ratings Changes

Several equities research analysts have issued reports on XOM shares. Barclays lowered their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Morgan Stanley lifted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Mizuho reduced their price target on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Finally, Bank of America lifted their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $127.58.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by company insiders.

Exxon Mobil 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.