Rhumbline Advisers Increases Position in Exxon Mobil Co. (NYSE:XOM)

Rhumbline Advisers lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 11.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,181,928 shares of the oil and gas company’s stock after acquiring an additional 864,996 shares during the quarter. Exxon Mobil accounts for about 0.9% of Rhumbline Advisers’ investment portfolio, making the stock its 13th biggest position. Rhumbline Advisers owned approximately 0.21% of Exxon Mobil worth $941,903,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of XOM. International Assets Investment Management LLC increased its holdings in Exxon Mobil by 3.2% in the fourth quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock valued at $4,918,000 after buying an additional 1,539 shares during the last quarter. Gilbert & Cook Inc. increased its holdings in Exxon Mobil by 2.2% in the fourth quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock valued at $2,547,000 after buying an additional 545 shares during the last quarter. Aveo Capital Partners LLC increased its holdings in Exxon Mobil by 5.0% in the fourth quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock valued at $2,053,000 after buying an additional 984 shares during the last quarter. Gryphon Financial Partners LLC increased its holdings in Exxon Mobil by 42.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock valued at $1,827,000 after buying an additional 5,565 shares during the last quarter. Finally, Darwin Wealth Management LLC increased its holdings in Exxon Mobil by 2.8% in the fourth quarter. Darwin Wealth Management LLC now owns 3,775 shares of the oil and gas company’s stock valued at $377,000 after buying an additional 104 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XOM has been the subject of several research analyst reports. Wolfe Research initiated coverage on Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company. Sanford C. Bernstein lowered their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a report on Tuesday, July 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Finally, Truist Financial lowered their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $136.29.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $113.19 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a 50 day simple moving average of $115.99 and a 200-day simple moving average of $114.66. The company has a market cap of $446.31 billion, a PE ratio of 13.87, a P/E/G ratio of 4.70 and a beta of 0.91. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.94 earnings per share. On average, equities research analysts forecast that Exxon Mobil Co. will post 8.37 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a $0.95 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.36%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

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.