Impala Asset Management LLC Invests $2.59 Million in Exxon Mobil Co. (NYSE:XOM)

Impala Asset Management LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM) in the second quarter, HoldingsChannel reports. The institutional investor purchased 22,500 shares of the oil and gas company’s stock, valued at approximately $2,590,000. Exxon Mobil comprises about 2.3% of Impala Asset Management LLC’s investment portfolio, making the stock its 10th biggest holding.

Several other hedge funds have also added to or reduced their stakes in XOM. Creative Planning grew its position in shares of Exxon Mobil by 7.1% during the 2nd quarter. Creative Planning now owns 1,791,499 shares of the oil and gas company’s stock worth $206,237,000 after purchasing an additional 119,472 shares in the last quarter. Buck Wealth Strategies LLC lifted its stake in shares of Exxon Mobil by 2,940.8% in the second quarter. Buck Wealth Strategies LLC now owns 60,816 shares of the oil and gas company’s stock worth $7,001,000 after acquiring an additional 58,816 shares during the period. Full Sail Capital LLC grew its stake in Exxon Mobil by 15.9% during the second quarter. Full Sail Capital LLC now owns 5,872 shares of the oil and gas company’s stock worth $676,000 after purchasing an additional 804 shares during the period. Annandale Capital LLC increased its holdings in shares of Exxon Mobil by 12.5% during the second quarter. Annandale Capital LLC now owns 4,146 shares of the oil and gas company’s stock valued at $477,000 after acquiring an additional 460 shares in the last quarter. Finally, Ascent Group LLC lifted its position in Exxon Mobil by 66.8% in the 2nd quarter. Ascent Group LLC now owns 72,708 shares of the oil and gas company’s stock valued at $8,370,000 after acquiring an additional 29,109 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 9th. Truist Financial reduced their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Barclays decreased their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. UBS Group lowered their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

Exxon Mobil Stock Performance

NYSE XOM opened at $115.82 on Friday. The stock’s fifty day moving average is $115.76 and its two-hundred day moving average is $115.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The firm has a market capitalization of $456.68 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $1.94 EPS. On average, research analysts anticipate that Exxon Mobil Co. will post 8.06 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.28%. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.