West Family Investments Inc. raised its stake in Exxon Mobil Co. (NYSE:XOM) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,256 shares of the oil and gas company’s stock after acquiring an additional 256 shares during the period. West Family Investments Inc.’s holdings in Exxon Mobil were worth $2,638,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in XOM. FMR LLC increased its stake 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 acquiring an additional 4,470,829 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Exxon Mobil by 6.5% in the 4th 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 purchasing an additional 2,630,031 shares during the last quarter. Norges Bank acquired a new position in shares of Exxon Mobil during the 4th quarter worth $1,648,683,000. Morgan Stanley lifted its position in shares of Exxon Mobil by 25.3% during the 4th quarter. Morgan Stanley now owns 24,392,033 shares of the oil and gas company’s stock worth $1,005,441,000 after buying an additional 4,927,441 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its stake 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 in the last quarter. Hedge funds and other institutional investors own 51.42% of the company’s stock.
Shares of Exxon Mobil stock traded up $0.11 during trading on Friday, reaching $62.86. 399,328 shares of the company traded hands, compared to its average volume of 28,199,963. The company has a market cap of $266.12 billion, a price-to-earnings ratio of -14.04, a PEG ratio of 1.39 and a beta of 1.43. Exxon Mobil Co. has a 1-year low of $31.11 and a 1-year high of $64.02. The company has a 50 day moving average price of $58.72. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 0.28.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 10th. Shareholders of record on Thursday, May 13th were paid a $0.87 dividend. The ex-dividend date of this dividend was Wednesday, May 12th. This represents a $3.48 dividend on an annualized basis and a yield of 5.54%. Exxon Mobil’s dividend payout ratio (DPR) is presently -1,054.55%.
A number of research firms have recently weighed in on XOM. Royal Bank of Canada restated a “sell” rating and issued a $60.00 price target on shares of Exxon Mobil in a research note on Wednesday, June 2nd. Evercore ISI began coverage on shares of Exxon Mobil in a research note on Tuesday, February 23rd. They set an “inline” rating and a $48.00 target price on the stock. MKM Partners upped their price target on shares of Exxon Mobil from $56.00 to $60.00 in a report on Thursday, March 4th. The Goldman Sachs Group reissued a “buy” rating and set a $65.00 price objective on shares of Exxon Mobil in a report on Tuesday, March 16th. Finally, Raymond James upgraded Exxon Mobil from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 14th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the stock. Exxon Mobil currently has an average rating of “Hold” and an average target price 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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