Exxon Mobil Corporation $XOM Shares Acquired by Vinva Investment Management Ltd

by · The Cerbat Gem

Vinva Investment Management Ltd boosted its holdings in Exxon Mobil Corporation (NYSE:XOM – Free Report) by 28.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 198,436 shares of the oil and gas company’s stock after buying an additional 44,111 shares during the quarter. Vinva Investment Management Ltd’s holdings in Exxon Mobil were worth $21,705,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of XOM. Elequin Capital LP acquired a new stake in shares of Exxon Mobil during the first quarter worth $31,000. Clal Insurance Enterprises Holdings Ltd increased its stake in Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC raised its holdings in Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after buying an additional 300 shares during the period. 1248 Management LLC purchased a new stake in Exxon Mobil during the first quarter valued at about $40,000. Finally, Marshall & Sullivan Inc. WA purchased a new stake in Exxon Mobil during the second quarter valued at about $38,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Wells Fargo & Company began coverage on Exxon Mobil in a research report on Friday, October 17th. They issued an “overweight” rating and a $156.00 target price for the company. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Piper Sandler increased their price objective on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Exxon Mobil in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $128.67.

Get Our Latest Report on Exxon Mobil

Exxon Mobil Stock Performance

Shares of XOM stock opened at $114.93 on Thursday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $120.81. The stock’s 50-day moving average is $114.76 and its two-hundred day moving average is $111.28. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm has a market cap of $484.67 billion, a P/E ratio of 16.33, a PEG ratio of 2.06 and a beta of 0.49.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $57.55 billion during the quarter. Analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.6%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. Exxon Mobil’s dividend payout ratio is 59.88%.

Exxon Mobil Company 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.

Further Reading

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