Exxon Mobil Co. (NYSE:XOM) Stock Position Increased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. boosted its position in Exxon Mobil Co. (NYSE:XOM) by 16.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,029,475 shares of the oil and gas company’s stock after purchasing an additional 281,493 shares during the quarter. Royal London Asset Management Ltd. owned about 0.05% of Exxon Mobil worth $233,633,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Gilbert & Cook Inc. increased its stake in Exxon Mobil by 2.2% during the 4th 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 period. Aveo Capital Partners LLC increased its stake in Exxon Mobil by 5.0% during the 4th 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 period. Gryphon Financial Partners LLC increased its stake in Exxon Mobil by 42.3% during the 4th 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 period. M&G Investment Management Ltd. acquired a new position in Exxon Mobil during the 4th quarter valued at about $2,391,000. Finally, Haverford Trust Co increased its stake in Exxon Mobil by 1.8% during the 4th quarter. Haverford Trust Co now owns 131,711 shares of the oil and gas company’s stock valued at $13,168,000 after buying an additional 2,335 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

XOM stock opened at $111.23 on Friday. 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 stock has a market cap of $438.58 billion, a P/E ratio of 13.63, a P/E/G ratio of 4.48 and a beta of 0.90. The firm has a 50 day simple moving average of $115.70 and a 200 day simple moving average of $114.94. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 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 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% compared to the same quarter last year. During the same period last year, the company posted $1.94 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 8.37 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analysts Set New Price Targets

XOM has been the topic of several recent research reports. Truist Financial lowered their price objective on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. Wells Fargo & Company lowered their price objective on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. UBS Group lifted their price objective on shares of Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Finally, Wolfe Research initiated coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $136.29.

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.