Morningstar Investment Management LLC Has $3.35 Million Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Morningstar Investment Management LLC lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,123 shares of the oil and gas company’s stock after selling 795 shares during the quarter. Morningstar Investment Management LLC’s holdings in Exxon Mobil were worth $3,345,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after buying an additional 9,391,614 shares during the period. Franklin Resources Inc. raised its holdings in shares of Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares in the last quarter. Northern Trust Corp raised 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 acquiring an additional 2,998,892 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Exxon Mobil during the fourth quarter valued at $240,653,000. Finally, Massachusetts Financial Services Co. MA grew its stake in Exxon Mobil by 8.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company’s stock valued at $2,409,106,000 after purchasing an additional 1,550,248 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $111.43 on Tuesday. The company has a fifty day moving average price of $108.85 and a 200 day moving average price of $109.08. The firm has a market cap of $480.22 billion, a PE ratio of 14.78, a PEG ratio of 2.08 and a beta of 0.50. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34.

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

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.55%. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Piper Sandler upped their target price on Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an “overweight” rating in a report on Thursday, June 26th. TD Cowen raised their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, UBS Group dropped their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $125.42.

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.