MAI Capital Management boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 10.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 117,538 shares of the oil and gas company’s stock after acquiring an additional 10,921 shares during the quarter. MAI Capital Management’s holdings in Exxon Mobil were worth $12,889,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Axiom Financial Strategies LLC grew its holdings in Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after purchasing an additional 1,173 shares during the period. Retirement Income Solutions Inc acquired a new stake in Exxon Mobil in the first quarter valued at approximately $275,000. Loomis Sayles & Co. L P grew its holdings in Exxon Mobil by 318.8% in the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after purchasing an additional 13,065 shares during the period. Ergoteles LLC grew its holdings in Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after purchasing an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC acquired a new stake in Exxon Mobil in the first quarter valued at approximately $237,000. 58.59% of the stock is currently owned by hedge funds and other institutional investors.

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Exxon Mobil Stock Up 0.3 %

NYSE:XOM traded up $0.34 during mid-day trading on Friday, hitting $108.74. The stock had a trading volume of 2,585,816 shares, compared to its average volume of 16,120,132. The stock has a 50-day simple moving average of $105.70 and a two-hundred day simple moving average of $108.69. The company has a market capitalization of $435.31 billion, a PE ratio of 8.60, a PEG ratio of 0.56 and a beta of 1.09. Exxon Mobil Co. has a twelve month low of $83.89 and a twelve month high of $119.92. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil Dividend Announcement

Exxon Mobil ( NYSE:XOM Get Free Report ) last issued its earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.06). The firm had revenue of $82.91 billion during the quarter, compared to analyst estimates of $81.80 billion. Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The firm’s revenue was down 28.3% compared to the same quarter last year. During the same period last year, the business earned $4.14 EPS. On average, equities research analysts anticipate that Exxon Mobil Co. will post 8.88 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be issued a dividend of $0.91 per share. The ex-dividend date is Tuesday, August 15th. This represents a $3.64 dividend on an annualized basis and a yield of 3.35%. Exxon Mobil’s payout ratio is currently 29.12%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wolfe Research lowered Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. Piper Sandler lowered their price objective on Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. Mizuho upped their price objective on shares of Exxon Mobil from $130.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada reissued a “sector perform” rating and issued a $125.00 price objective on shares of Exxon Mobil in a report on Wednesday, July 19th. Finally, HSBC upped their price objective on shares of Exxon Mobil from $110.00 to $116.00 in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of “Hold” and a consensus target price of $124.27.

Read Our Latest Stock Analysis on Exxon Mobil

Insiders Place Their Bets

In related news, Director Jeffrey W. Ubben acquired 458,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were bought at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the acquisition, the director now owns 1,635,000 shares in the company, valued at $174,830,550. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is owned by corporate insiders.

Exxon Mobil Profile

(Free Report)

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.

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