IFM Investors Pty Ltd Purchases 88,864 Shares of Exxon Mobil Corporation (NYSE:XOM)

IFM Investors Pty Ltd raised its position in Exxon Mobil Corporation (NYSE:XOMFree Report) by 11.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 870,666 shares of the oil and gas company’s stock after purchasing an additional 88,864 shares during the period. Exxon Mobil makes up 1.0% of IFM Investors Pty Ltd’s portfolio, making the stock its 14th biggest holding. IFM Investors Pty Ltd’s holdings in Exxon Mobil were worth $102,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. 10Elms LLP bought a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil during the 4th quarter worth $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $32,000. Clarity Asset Management Inc. lifted its position in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 100 shares during the period. Finally, ZynergyRetirementPlanningLLC lifted its position in shares of Exxon Mobil by 29.2% during the 1st quarter. ZynergyRetirementPlanningLLC now owns 443 shares of the oil and gas company’s stock valued at $53,000 after acquiring an additional 100 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on XOM. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. UBS Group reduced their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. TD Cowen raised their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Mizuho cut their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Finally, Piper Sandler upgraded shares of Exxon Mobil from a “hold” rating to a “strong-buy” rating and increased their price target for the stock from $125.00 to $131.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.40.

Read Our Latest Research Report on XOM

Exxon Mobil Stock Performance

NYSE:XOM opened at $112.15 on Friday. The stock’s 50-day moving average is $107.32 and its 200-day moving average is $108.52. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a market cap of $483.33 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the firm posted $2.06 EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. Exxon Mobil’s dividend payout ratio is 52.52%.

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

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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