ProShare Advisors LLC Has $275.79 Million Position in Exxon Mobil Co. (NYSE:XOM)

ProShare Advisors LLC grew its stake in Exxon Mobil Co. (NYSE:XOM) by 9.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,372,596 shares of the oil and gas company’s stock after buying an additional 198,739 shares during the quarter. Exxon Mobil accounts for about 0.7% of ProShare Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. ProShare Advisors LLC owned about 0.06% of Exxon Mobil worth $275,791,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Carmel Capital Partners LLC increased its holdings in shares of Exxon Mobil by 1.0% during the first quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock valued at $1,022,000 after acquiring an additional 86 shares in the last quarter. PFS Partners LLC boosted its position in Exxon Mobil by 0.5% in the first quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock worth $2,190,000 after purchasing an additional 89 shares during the last quarter. Bay Rivers Group lifted its position in shares of Exxon Mobil by 2.5% during the 1st quarter. Bay Rivers Group now owns 3,747 shares of the oil and gas company’s stock valued at $436,000 after buying an additional 90 shares in the last quarter. Gilbert & Cook Inc. lifted its position in shares of Exxon Mobil by 0.4% during the 1st quarter. Gilbert & Cook Inc. now owns 25,564 shares of the oil and gas company’s stock valued at $2,972,000 after buying an additional 91 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of Exxon Mobil by 0.8% during the 1st quarter. Lindbrook Capital LLC now owns 11,205 shares of the oil and gas company’s stock valued at $1,302,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Trading Up 1.4 %

Shares of NYSE:XOM opened at $117.64 on Thursday. The business’s 50-day moving average is $114.16 and its 200 day moving average is $110.81. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm has a market capitalization of $463.86 billion, a P/E ratio of 14.42, a P/E/G ratio of 4.38 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.83 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post 8.82 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.23%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. UBS Group lifted their price objective on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Truist Financial reaffirmed a “hold” rating and set a $124.00 price objective (down from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Mizuho lifted their price objective on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, TD Cowen boosted their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.29.

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.