Exxon Mobil Corporation (NYSE:XOM) Shares Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC boosted its position in Exxon Mobil Corporation (NYSE:XOM) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,280 shares of the oil and gas company’s stock after acquiring an additional 595 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Exxon Mobil were worth $7,764,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Exxon Mobil by 14,242.7% during the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock worth $1,124,787,000 after purchasing an additional 9,391,614 shares in the last quarter. Northern Trust Corp lifted its holdings in Exxon Mobil by 7.0% during 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 buying an additional 2,998,892 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $240,653,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Exxon Mobil by 8.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company’s stock valued at $2,409,106,000 after acquiring an additional 1,550,248 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Exxon Mobil by 68.3% during the 1st quarter. Federated Hermes Inc. now owns 3,406,119 shares of the oil and gas company’s stock worth $405,090,000 after acquiring an additional 1,382,760 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on XOM shares. Mizuho lowered their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Finally, Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $125.26.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $106.56 on Thursday. The stock’s 50-day moving average price is $109.73 and its 200 day moving average price is $109.05. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $454.28 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 2.02 and a beta of 0.53. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same period last year, the business posted $2.14 EPS. The company’s revenue was down 12.4% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. The ex-dividend date is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. Exxon Mobil’s dividend payout ratio is presently 56.25%.

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.