Several hedge funds recently adjusted their holdings in Exxon Mobil (XOM). For example, Etfidea LLC increased its stake by 3.3%, now owning 2,669 shares valued at $307,000. Bigelow Investment Advisors raised its position by 0.6%, holding 13,543 shares worth $1.56 million. Integral Investment Advisors boosted their holdings by 2.1%, now owning 4,207 shares valued at $483,000. CBIZ Investment Advisory Services raised its stake by 15.2% to 660 shares worth $76,000. Finally, Mascoma Wealth Management increased theirs by 7.0%, holding 1,343 shares valued at $155,000. Overall, institutional investors own 61.8% of Exxon Mobil’s stock.
Analyst Ratings
Analysts have mixed opinions on XOM stock. UBS cut its price target from $157 to $149 but maintains a “buy” rating. BMO Capital Markets raised its target from $127 to $130 with a “market perform” rating. Redburn Atlantic maintains a “neutral” rating with a new target of $120. Barclays lowered its target to $137 but rated it “overweight.” Scotiabank upgraded its rating from “sector perform” to “sector outperform” with a target of $145. Currently, the stock has an average rating of “Moderate Buy” and a price target of $131.44.
XOM Stock Performance
XOM stock opened at $120.01 on Monday. It has ranged from a low of $95.77 to a high of $126.34 in the past year. Key financial metrics include a debt-to-equity ratio of 0.13 and a market cap of $473.20 billion. The company reported earnings of $2.14 per share last quarter, exceeding estimates, with revenue up 12.2% year-over-year.
Dividend Announcement
Exxon Mobil recently declared a quarterly dividend of $0.95 per share, amounting to an annual yield of 3.17%. The payout ratio is 46.57%.
Company Profile
Exxon Mobil Corporation is involved in the exploration and production of crude oil and natural gas, operating in various segments including Upstream and Chemical Products.
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Curious about other hedge funds holding XOM? Check HoldingsChannel.com for the latest filings and trades related to Exxon Mobil.
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