Russell Investments Group Ltd. Has $318.20 Million Holdings in Exxon Mobil Corporation $XOM

Russell Investments Group Ltd. lessened its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,951,211 shares of the oil and gas company’s stock after selling 2,547 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of Exxon Mobil worth $318,197,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Linscomb Wealth Inc. lifted its stake in shares of Exxon Mobil by 1.4% in the 2nd quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock valued at $42,017,000 after purchasing an additional 5,527 shares during the last quarter. Jones Financial Companies Lllp increased its position in Exxon Mobil by 52.3% during the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after buying an additional 131,600 shares during the last quarter. OneAscent Wealth Management LLC raised its holdings in Exxon Mobil by 116.7% during the second quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock valued at $825,000 after buying an additional 4,123 shares in the last quarter. Wealth Management Associates Inc. lifted its position in shares of Exxon Mobil by 2.7% in the first quarter. Wealth Management Associates Inc. now owns 26,461 shares of the oil and gas company’s stock worth $3,147,000 after buying an additional 691 shares during the last quarter. Finally, American Trust boosted its stake in shares of Exxon Mobil by 14.3% during the 1st quarter. American Trust now owns 4,766 shares of the oil and gas company’s stock worth $567,000 after acquiring an additional 596 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 1.2%

Shares of Exxon Mobil stock opened at $114.53 on Wednesday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $120.81. The firm has a market capitalization of $482.99 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company’s fifty day moving average price is $114.76 and its two-hundred day moving average price is $111.25.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. On average, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be given a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.6%. Exxon Mobil’s dividend payout ratio is 59.88%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Exxon Mobil in a research note on Wednesday, November 19th. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Bank of America upped their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Mizuho lowered their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Finally, Melius Research began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company currently 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.