Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP increased its position in Exxon Mobil Co. (NYSE:XOM) by 104.4% in the second quarter, Holdings Channel reports. The firm owned 99,251 shares of the oil and gas company’s stock after purchasing an additional 50,688 shares during the quarter. Artemis Investment Management LLP’s holdings in Exxon Mobil were worth $11,426,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of XOM. Coastline Trust Co lifted its holdings in Exxon Mobil by 26.0% in the second quarter. Coastline Trust Co now owns 21,576 shares of the oil and gas company’s stock worth $2,484,000 after acquiring an additional 4,450 shares during the last quarter. Czech National Bank lifted its holdings in Exxon Mobil by 22.3% in the second quarter. Czech National Bank now owns 854,837 shares of the oil and gas company’s stock worth $98,409,000 after acquiring an additional 156,135 shares during the last quarter. Quad Cities Investment Group LLC lifted its holdings in Exxon Mobil by 93.2% in the second quarter. Quad Cities Investment Group LLC now owns 11,162 shares of the oil and gas company’s stock worth $1,285,000 after acquiring an additional 5,386 shares during the last quarter. Sunburst Financial Group LLC lifted its holdings in Exxon Mobil by 14.6% in the second quarter. Sunburst Financial Group LLC now owns 3,565 shares of the oil and gas company’s stock worth $410,000 after acquiring an additional 453 shares during the last quarter. Finally, Pioneer Wealth Management Group bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $214,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on XOM shares. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. UBS Group lifted their price target on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. TD Cowen lifted their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. 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. Finally, 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. Eight 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.39.

Exxon Mobil Trading Down 0.3 %

NYSE XOM traded down $0.39 on Monday, hitting $118.46. 6,006,461 shares of the stock were exchanged, compared to its average volume of 17,325,734. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The company has a market capitalization of $467.09 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 4.51 and a beta of 0.91. The company’s 50-day moving average price is $114.17 and its two-hundred day moving average price is $112.93.

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 the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 EPS. Research analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is 46.57%.

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.