Exxon Mobil Co. (NYSE:XOM) is Pacer Advisors Inc.'s 2nd Largest Position

Pacer Advisors Inc. lifted its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 1,524.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,445,922 shares of the oil and gas company's stock after purchasing an additional 5,110,603 shares during the quarter. Exxon Mobil accounts for approximately 1.3% of Pacer Advisors Inc.'s holdings, making the stock its 2nd biggest position. Pacer Advisors Inc. owned approximately 0.12% of Exxon Mobil worth $585,818,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Quarry LP bought a new stake in Exxon Mobil during the second quarter valued at about $133,000. Granite Bay Wealth Management LLC grew its holdings in Exxon Mobil by 45.1% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 3,958 shares of the oil and gas company's stock valued at $456,000 after buying an additional 1,231 shares in the last quarter. Souders Financial Advisors increased its stake in Exxon Mobil by 5.6% in the 2nd quarter. Souders Financial Advisors now owns 4,305 shares of the oil and gas company's stock worth $496,000 after acquiring an additional 230 shares during the last quarter. Gibson Wealth Advisors LLC raised its holdings in shares of Exxon Mobil by 5.4% during the 2nd quarter. Gibson Wealth Advisors LLC now owns 21,315 shares of the oil and gas company's stock worth $2,454,000 after acquiring an additional 1,094 shares in the last quarter. Finally, RiverFront Investment Group LLC boosted its position in shares of Exxon Mobil by 18.2% during the 2nd quarter. RiverFront Investment Group LLC now owns 111,860 shares of the oil and gas company's stock valued at $12,877,000 after acquiring an additional 17,188 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM traded up $0.41 during midday trading on Thursday, reaching $109.08. 6,998,684 shares of the stock were exchanged, compared to its average volume of 14,713,419. The company has a market capitalization of $479.43 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 2.86 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a twelve month low of $100.42 and a twelve month high of $126.34. The business's 50-day moving average price is $110.91 and its 200 day moving average price is $115.33.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the business posted $2.27 earnings per share. Exxon Mobil's quarterly revenue was down .8% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio is 49.32%.

Analyst Ratings Changes

Several research firms have commented on XOM. Bank of America began coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a "neutral" rating and a $124.00 price objective for the company. Piper Sandler cut their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. BNP Paribas cut Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price on the stock. in a research note on Wednesday, October 9th. Royal Bank of Canada reissued a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. Finally, Truist Financial lifted their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus price target of $128.84.

About Exxon Mobil

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.