Woodward Diversified Capital LLC Grows Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Woodward Diversified Capital LLC boosted its position in Exxon Mobil Corporation (NYSE:XOM) by 0.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 64,242 shares of the oil and gas company’s stock after purchasing an additional 411 shares during the period. Exxon Mobil makes up approximately 5.4% of Woodward Diversified Capital LLC’s holdings, making the stock its 3rd biggest position. Woodward Diversified Capital LLC’s holdings in Exxon Mobil were worth $7,640,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in shares of Exxon Mobil by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company’s stock valued at $10,023,875,000 after acquiring an additional 1,104,617 shares during the period. Norges Bank purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $6,936,737,000. Northern Trust Corp boosted its stake in Exxon Mobil by 7.0% in the 4th 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 during the period. Bank of New York Mellon Corp raised its holdings in Exxon Mobil by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company’s stock valued at $5,390,318,000 after buying an additional 1,340,343 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock worth $3,836,226,000 after buying an additional 4,140,046 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Morgan Stanley restated an “overweight” rating on shares of Exxon Mobil in a report on Tuesday. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Finally, Piper Sandler lifted their target price on Exxon Mobil from $131.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $125.42.

Exxon Mobil Trading Down 0.4%

Shares of Exxon Mobil stock opened at $111.73 on Friday. The business has a fifty day simple moving average of $108.65 and a 200-day simple moving average of $108.96. The firm has a market cap of $481.51 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 2.09 and a beta of 0.50. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 earnings per share. On average, equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.54%. Exxon Mobil’s payout ratio is 52.52%.

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.