Exxon Mobil Corporation (NYSE:XOM) Shares Acquired by Pzena Investment Management LLC

Pzena Investment Management LLC raised its holdings in Exxon Mobil Corporation (NYSE:XOM) by 3.2% during the first quarter, Holdings Channel reports. The institutional investor owned 615,423 shares of the oil and gas company’s stock after buying an additional 19,034 shares during the period. Pzena Investment Management LLC’s holdings in Exxon Mobil were worth $73,192,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Axis Wealth Partners LLC boosted its holdings in shares of Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company’s stock valued at $591,000 after buying an additional 93 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of Exxon Mobil by 11.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company’s stock valued at $99,000 after purchasing an additional 94 shares during the period. WPWealth LLP increased its stake in Exxon Mobil by 1.1% in the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company’s stock valued at $990,000 after acquiring an additional 96 shares during the period. Ascent Capital Management LLC grew its stake in shares of Exxon Mobil by 2.0% during the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company’s stock worth $584,000 after purchasing an additional 96 shares during the period. Finally, DDD Partners LLC raised its holdings in Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company’s stock valued at $810,000 after acquiring an additional 96 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.4%

Shares of NYSE XOM opened at $111.73 on Friday. The firm has a 50-day simple moving average of $108.65 and a two-hundred day simple moving average of $108.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a market cap of $481.51 billion, a P/E ratio of 14.82, a PEG ratio of 2.09 and a beta of 0.50.

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

Exxon Mobil Dividend Announcement

The firm 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. This represents a $3.96 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is 52.52%.

Analyst Ratings Changes

Several equities research analysts have commented on XOM shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Exxon Mobil in a report on Tuesday. TD Cowen lifted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Piper Sandler boosted their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.42.

Exxon Mobil Profile

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.