Exxon Mobil Corporation $XOM is Franklin Resources Inc.’s 10th Largest Position

Franklin Resources Inc. lowered its position in Exxon Mobil Corporation (NYSE:XOM) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,067,733 shares of the oil and gas company’s stock after selling 236,991 shares during the period. Exxon Mobil comprises approximately 1.0% of Franklin Resources Inc.’s holdings, making the stock its 10th largest position. Franklin Resources Inc.’s holdings in Exxon Mobil were worth $3,888,102,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Elequin Capital LP acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 238 shares during the period. Game Plan Financial Advisors LLC boosted its position in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 300 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new position in shares of Exxon Mobil during the 2nd quarter worth $38,000. Finally, 1248 Management LLC acquired a new position in shares of Exxon Mobil during the 1st quarter worth $40,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.3%

Shares of NYSE XOM opened at $117.04 on Friday. The firm’s 50-day moving average is $114.59 and its two-hundred day moving average is $110.95. The company has a market capitalization of $493.57 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

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. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion during the quarter. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s payout ratio is presently 59.88%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on XOM. Weiss Ratings reissued a “hold (c+)” rating on shares of Exxon Mobil in a report on Wednesday. Piper Sandler lifted their price target on shares of Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Melius started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Barclays lowered their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Finally, Melius Research initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $128.67.

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.