Exxon Mobil Co. (NYSE:XOM) Stock Position Lifted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 168.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,530,457 shares of the oil and gas company’s stock after purchasing an additional 2,842,844 shares during the quarter. Exxon Mobil comprises about 1.0% of Assenagon Asset Management S.A.’s investment portfolio, making the stock its 15th largest holding. Assenagon Asset Management S.A. owned 0.11% of Exxon Mobil worth $531,060,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of XOM. FPC Investment Advisory Inc. bought a new position in Exxon Mobil during the first quarter valued at about $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at about $35,000. Anfield Capital Management LLC boosted its position in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $39,000. Finally, POM Investment Strategies LLC raised its holdings in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on XOM. Bank of America initiated coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. Redburn Atlantic reissued a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Truist Financial decreased their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Finally, Sanford C. Bernstein cut their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Price Performance

Shares of XOM stock opened at $119.50 on Friday. The firm’s 50 day moving average price is $117.51 and its two-hundred day moving average price is $116.51. The stock has a market cap of $471.19 billion, a PE ratio of 14.29, a PEG ratio of 5.00 and a beta of 0.89. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period in the previous year, the company earned $1.94 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Co. will post 8.05 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.18%. Exxon Mobil’s payout ratio is 45.45%.

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.