526,003 Shares in ExxonMobil Corporation $XOM Acquired by S&CO Inc.

S&CO Inc. acquired a new stake in ExxonMobil Corporation (NYSE:XOM) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 526,003 shares of the oil and gas company’s stock, valued at approximately $71,915,000. ExxonMobil makes up about 4.2% of S&CO Inc.’s portfolio, making the stock its 4th biggest position.

Several other institutional investors have also added to or reduced their stakes in the business. Aventus Investment Advisors Inc. bought a new stake in ExxonMobil in the 2nd quarter worth about $27,000. Portus Wealth Advisors LLC purchased a new position in ExxonMobil in the 1st quarter worth about $36,000. Berbice Capital Management LLC bought a new position in ExxonMobil during the 4th quarter valued at about $26,000. Midwest Capital Advisors LLC bought a new position in ExxonMobil during the 4th quarter valued at about $27,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of ExxonMobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 187 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $182.00 price target on shares of ExxonMobil in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Bank of America cut shares of ExxonMobil from a “buy” rating to a “neutral” rating and raised their target price for the stock from $154.00 to $158.00 in a report on Tuesday, July 28th. Piper Sandler started coverage on shares of ExxonMobil in a research report on Thursday, July 23rd. They issued a “neutral” rating and a $158.00 target price for the company. Finally, UBS Group set a $168.00 target price on shares of ExxonMobil in a research note on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $163.29.

ExxonMobil Stock Performance

XOM opened at $160.08 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The company has a market cap of $663.52 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 0.63 and a beta of 0.17. The company’s 50 day moving average is $147.00 and its 200 day moving average is $150.45. ExxonMobil Corporation has a 12-month low of $105.67 and a 12-month high of $176.41.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The business had revenue of $114.53 billion for the quarter, compared to analysts’ expectations of $109.94 billion. During the same period in the prior year, the company posted $1.64 earnings per share. On average, equities research analysts predict that ExxonMobil Corporation will post 11.86 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. ExxonMobil’s payout ratio is presently 53.02%.

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.