Exxon Mobil Co. (NYSE:XOM) Stake Boosted by West Paces Advisors Inc.

West Paces Advisors Inc. lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.2% during the first quarter, Holdings Channel.com reports. The firm owned 7,218 shares of the oil and gas company’s stock after acquiring an additional 152 shares during the period. West Paces Advisors Inc.’s holdings in Exxon Mobil were worth $858,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Norges Bank bought a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $6,936,737,000. GAMMA Investing LLC grew its position in Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after acquiring an additional 9,391,614 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after purchasing an additional 5,538,694 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock valued at $3,836,226,000 after acquiring an additional 4,140,046 shares during the period. Finally, Northern Trust Corp lifted its stake in Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after buying an additional 2,998,892 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

NYSE:XOM opened at $104.97 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $452.36 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 3.02 and a beta of 0.49. The firm’s fifty day simple moving average is $105.14 and its 200 day simple moving average is $108.90. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. Exxon Mobil’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.06 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.77%. Exxon Mobil’s dividend payout ratio is presently 52.52%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on XOM shares. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho dropped their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Morgan Stanley decreased their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Scotiabank reduced their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Finally, Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.50.

About Exxon Mobil

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.