Exxon Mobil Co. (NYSE:XOM) Stake Raised by Impala Asset Management LLC

Impala Asset Management LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 100.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,100 shares of the oil and gas company's stock after purchasing an additional 22,600 shares during the period. Exxon Mobil makes up about 3.7% of Impala Asset Management LLC's portfolio, making the stock its 10th biggest position. Impala Asset Management LLC's holdings in Exxon Mobil were worth $5,287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its position in Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company's stock valued at $1,935,779,000 after buying an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA acquired a new stake in shares of Exxon Mobil in the second quarter worth $980,210,000. International Assets Investment Management LLC raised its holdings in shares of Exxon Mobil by 7,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company's stock worth $808,077,000 after purchasing an additional 6,805,982 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company's stock valued at $4,235,972,000 after purchasing an additional 5,330,887 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Exxon Mobil by 19.3% in the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock valued at $3,719,296,000 after purchasing an additional 5,235,607 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

NYSE XOM traded down $0.22 during mid-day trading on Tuesday, hitting $112.68. The stock had a trading volume of 20,989,454 shares, compared to its average volume of 16,251,600. The firm's 50 day moving average is $119.68 and its 200 day moving average is $116.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market capitalization of $495.24 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 4.77 and a beta of 0.89. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company's revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm posted $2.27 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 7.94 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 Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil's payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on XOM. Royal Bank of Canada decreased their price objective on Exxon Mobil from $120.00 to $115.00 and set a "sector perform" rating for the company in a report on Tuesday, November 26th. Redburn Atlantic reissued a "neutral" rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Bank of America started coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a "neutral" rating and a $124.00 price objective on the stock. BMO Capital Markets boosted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a research note on Friday, October 4th. Finally, Truist Financial dropped their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $129.95.

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.