Strategy Asset Managers LLC Takes Position in Exxon Mobil Co. (NYSE:XOM)

Strategy Asset Managers LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,170 shares of the oil and gas company’s stock, valued at approximately $233,000.

Several other hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its position in Exxon Mobil by 6.8% in the fourth quarter. FMR LLC now owns 70,602,466 shares of the oil and gas company’s stock valued at $2,910,233,000 after buying an additional 4,470,829 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Exxon Mobil by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 42,904,485 shares of the oil and gas company’s stock valued at $1,768,522,000 after buying an additional 2,630,031 shares during the last quarter. Norges Bank acquired a new position in Exxon Mobil in the fourth quarter valued at about $1,648,683,000. Morgan Stanley lifted its position in Exxon Mobil by 25.3% in the fourth quarter. Morgan Stanley now owns 24,392,033 shares of the oil and gas company’s stock valued at $1,005,441,000 after buying an additional 4,927,441 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in Exxon Mobil by 223.6% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 15,656,605 shares of the oil and gas company’s stock valued at $645,365,000 after buying an additional 10,818,671 shares during the last quarter. 51.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:XOM opened at $62.75 on Friday. The stock has a 50-day simple moving average of $58.72. The company has a current ratio of 0.80, a quick ratio of 0.50 and a debt-to-equity ratio of 0.28. Exxon Mobil Co. has a 12-month low of $31.11 and a 12-month high of $64.02. The firm has a market cap of $265.65 billion, a price-to-earnings ratio of -14.04, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Thursday, April 29th. The oil and gas company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. Exxon Mobil had a negative return on equity of 0.48% and a negative net margin of 10.35%. The business had revenue of $59.15 billion for the quarter, compared to analyst estimates of $55.36 billion. During the same period in the previous year, the company posted ($0.14) EPS. The company’s revenue was up 5.3% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post 3.62 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 10th. Investors of record on Thursday, May 13th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend was Wednesday, May 12th. Exxon Mobil’s payout ratio is -1,054.55%.

A number of analysts have issued reports on the stock. Bank of America reiterated a “buy” rating and set a $90.00 price target on shares of Exxon Mobil in a research note on Friday, April 30th. UBS Group reiterated a “neutral” rating and set a $62.00 price target (up from $48.00) on shares of Exxon Mobil in a research note on Monday, March 15th. Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $53.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 2nd. Credit Suisse Group reiterated a “neutral” rating and set a $69.00 price target on shares of Exxon Mobil in a research note on Monday. Finally, Truist boosted their price target on shares of Exxon Mobil from $60.00 to $64.00 in a research note on Monday, May 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $56.41.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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