Brevan Howard Capital Management LP Boosts Stock Position in Exxon Mobil Corporation $XOM

Brevan Howard Capital Management LP lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 60.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 314,196 shares of the oil and gas company’s stock after buying an additional 117,814 shares during the period. Brevan Howard Capital Management LP’s holdings in Exxon Mobil were worth $33,870,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of XOM. Vanguard Group Inc. boosted its stake in shares of Exxon Mobil by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock valued at $46,468,147,000 after purchasing an additional 1,111,231 shares in the last quarter. Geode Capital Management LLC lifted its stake in Exxon Mobil by 0.4% in the second quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock worth $10,345,132,000 after purchasing an additional 342,967 shares during the last quarter. Norges Bank purchased a new stake in Exxon Mobil during the second quarter valued at about $6,163,719,000. Bank of New York Mellon Corp increased its holdings in shares of Exxon Mobil by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock worth $5,023,298,000 after buying an additional 1,274,860 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Exxon Mobil by 3.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock valued at $3,611,553,000 after acquiring an additional 1,126,912 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XOM has been the topic of several recent research reports. BNP Paribas upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Piper Sandler upped their price objective on shares of Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. TD Cowen raised their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Company upped their price target on Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $129.24.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $118.77 on Friday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $120.81. The stock’s 50 day simple moving average is $115.60 and its two-hundred day simple moving average is $112.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The stock has a market cap of $500.88 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.50 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The company had revenue of $57.55 billion during the quarter. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were given a $1.03 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is currently 59.88%.

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.