Exxon Mobil Corporation (NYSE:XOM) Position Increased by LGT Group Foundation

LGT Group Foundation raised its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 17.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 270,237 shares of the oil and gas company’s stock after buying an additional 39,591 shares during the quarter. LGT Group Foundation’s holdings in Exxon Mobil were worth $32,139,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of Exxon Mobil in the first quarter worth approximately $2,730,414,000. GAMMA Investing LLC lifted its position in shares of Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock worth $1,124,787,000 after purchasing an additional 9,391,614 shares in the last quarter. Northern Trust Corp lifted its position in shares of Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $240,653,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in Exxon Mobil by 8.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company’s stock worth $2,409,106,000 after buying an additional 1,550,248 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $105.87 on Tuesday. The stock has a market capitalization of $451.35 billion, a P/E ratio of 15.04, a P/E/G ratio of 2.01 and a beta of 0.53. 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 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $109.94 and a two-hundred day moving average price of $108.94.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.14 EPS. Equities analysts predict 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 will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. Exxon Mobil’s payout ratio is currently 56.25%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on XOM. TD Cowen increased their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. UBS Group lowered their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Finally, Mizuho lowered their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Hold” and a consensus price target of $125.26.

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.