Putnam Investments LLC Acquires 2392773 Shares of Exxon Mobil ... - MarketBeat

Raleigh Capital Management Inc. increased its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 52.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,179 shares of the oil and gas company's stock after purchasing an additional 5,584 shares during the quarter. Raleigh Capital Management Inc.'s holdings in Exxon Mobil were worth $1,774,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Moneta Group Investment Advisors LLC raised its holdings in shares of Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company's stock valued at $13,604,575,000 after acquiring an additional 123,254,064 shares during the period. Norges Bank purchased a new position in shares of Exxon Mobil during the fourth quarter valued at $5,226,390,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Exxon Mobil by 16.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 47,592,122 shares of the oil and gas company's stock valued at $5,218,954,000 after buying an additional 6,580,247 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Exxon Mobil by 188.6% during the first quarter. Envestnet Asset Management Inc. now owns 8,740,551 shares of the oil and gas company's stock valued at $327,573,000 after buying an additional 5,711,599 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of Exxon Mobil by 11.9% during the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company's stock valued at $5,788,398,000 after buying an additional 5,566,797 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Jeffrey W. Ubben purchased 458,000 shares of Exxon Mobil stock in a transaction on Monday, July 31st. The shares were purchased at an average cost of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the transaction, the director now directly owns 1,635,000 shares in the company, valued at $174,830,550. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the business's stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the transaction, the vice president now directly owns 27,772 shares in the company, valued at $3,193,780. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeffrey W. Ubben purchased 458,000 shares of Exxon Mobil stock in a transaction on Monday, July 31st. The stock was purchased at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the transaction, the director now owns 1,635,000 shares of the company's stock, valued at $174,830,550. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Piper Sandler lowered their price target on Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. UBS Group lifted their price target on Exxon Mobil from $135.00 to $139.00 and gave the company a "buy" rating in a report on Thursday, August 17th. Morgan Stanley lifted their price objective on Exxon Mobil from $121.00 to $124.00 and gave the company an "overweight" rating in a research report on Friday, August 18th. StockNews.com started coverage on Exxon Mobil in a research report on Thursday, August 17th. They set a "hold" rating for the company. Finally, Mizuho lifted their price objective on Exxon Mobil from $130.00 to $131.00 and gave the company a "buy" rating in a research report on Wednesday, August 16th. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $123.43.

Read Our Latest Stock Report on XOM

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $117.24 on Wednesday. The business's 50 day moving average is $107.87 and its 200-day moving average is $108.34. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $469.33 billion, a PE ratio of 9.40, a PEG ratio of 0.60 and a beta of 1.08. Exxon Mobil Co. has a 1-year low of $83.89 and a 1-year high of $119.92.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.06). Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The business had revenue of $82.91 billion for the quarter, compared to analyst estimates of $81.80 billion. During the same quarter last year, the firm posted $4.14 earnings per share. Exxon Mobil's revenue was down 28.3% on a year-over-year basis. Sell-side analysts predict that Exxon Mobil Co. will post 8.94 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.10%. Exxon Mobil's payout ratio is presently 29.12%.

Exxon Mobil Profile

(Free Report)

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.