Atria Investments Inc Has $30 Million Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Atria Investments Inc raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 8.6% during the first quarter, Holdings Channel reports. The firm owned 252,206 shares of the oil and gas company’s stock after buying an additional 20,070 shares during the period. Atria Investments Inc’s holdings in Exxon Mobil were worth $29,995,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Exxon Mobil by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company’s stock worth $10,023,875,000 after purchasing an additional 1,104,617 shares during the last quarter. Norges Bank acquired a new stake in Exxon Mobil in the 4th quarter valued at about $6,936,737,000. Northern Trust Corp increased its holdings in shares of Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Exxon Mobil by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company’s stock worth $5,390,318,000 after acquiring an additional 1,340,343 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock valued at $3,836,226,000 after buying an additional 4,140,046 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XOM has been the topic of a number of recent research reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. TD Cowen boosted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Mizuho dropped their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Piper Sandler raised their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.42.

Exxon Mobil Price Performance

Shares of XOM traded up $0.24 during mid-day trading on Thursday, reaching $110.17. The stock had a trading volume of 2,584,227 shares, compared to its average volume of 16,822,309. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The business has a fifty day moving average of $108.65 and a 200 day moving average of $108.98. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The firm has a market cap of $474.81 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.02 and a beta of 0.50.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. Exxon Mobil’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.06 earnings per share. Equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s dividend payout ratio is currently 52.52%.

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.