Several hedge funds have recently adjusted their shares in Exxon Mobil (XOM). Notably, Etfidea LLC increased its stake by 3.3%, now holding 2,669 shares worth $307,000. Bigelow Investment Advisors raised their stake by 0.6% to 13,543 shares valued at $1.56 million. Integral Investment Advisors grew their position by 2.1% to 4,207 shares worth $483,000. CBIZ Investment Advisory Services boosted its holdings by 15.2% to 660 shares valued at $76,000, while Mascoma Wealth Management increased its shares by 7.0% to 1,343, worth $155,000. Overall, institutional investors own 61.80% of XOM stock.
Analyst Updates
Recent analyst actions for XOM include UBS lowering its price target to $149 with a “buy” rating, while BMO Capital raised theirs to $130 with a “market perform” rating. Redburn Atlantic maintained a “neutral” rating with a revised target of $120, and Barclays dropped their target to $137 with an “overweight” rating. Scotiabank upgraded its target from $129 to $145. Analyst ratings for XOM include one sell, eight holds, ten buys, and one strong buy, with an average rating of “Moderate Buy” and a consensus target of $131.44.
XOM Trading Update
XOM shares opened at $120.01, showing a 52-week range of $95.77 to $126.34. The company has a market cap of $473.20 billion, with a P/E ratio of 14.71. In its latest earnings report, XOM reported $2.14 EPS, surpassing estimates of $2.04, with revenues up 12.2% year-over-year at $93.06 billion. Analysts project an EPS of $8.11 for the current fiscal year.
Dividend Announcement
Exxon Mobil announced a quarterly dividend of $0.95 per share, paid on September 10th, representing an annualized yield of 3.17%. The payout ratio is 46.57%.
About Exxon Mobil
Exxon Mobil Corporation focuses on exploring and producing crude oil and natural gas both domestically and internationally, operating in various segments including Upstream and Energy Products.
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