Exxon Mobil Co. (NYSE:XOM) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 7.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,588,817 shares of the oil and gas company's stock after buying an additional 317,398 shares during the quarter. Envestnet Asset Management Inc. owned 0.12% of Exxon Mobil worth $528,265,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Exxon Mobil by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company's stock valued at $38,846,569,000 after acquiring an additional 1,269,495 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Exxon Mobil by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company's stock valued at $5,249,607,000 after purchasing an additional 2,676,652 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Exxon Mobil by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company's stock valued at $4,640,756,000 after purchasing an additional 4,080,716 shares during the last quarter. Capital International Investors raised its holdings in Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company's stock worth $3,197,989,000 after purchasing an additional 5,523,429 shares in the last quarter. Finally, Capital Research Global Investors lifted its position in shares of Exxon Mobil by 6.0% during the fourth quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company's stock valued at $1,838,462,000 after buying an additional 1,037,226 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

NYSE:XOM traded up $1.60 during mid-day trading on Monday, hitting $112.75. The company's stock had a trading volume of 11,725,340 shares, compared to its average volume of 16,847,553. The business's fifty day moving average is $115.67 and its two-hundred day moving average is $115.19. The stock has a market cap of $444.57 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 4.38 and a beta of 0.90. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the prior year, the business earned $1.94 earnings per share. The company's revenue was up 12.2% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 46.57%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on XOM. Mizuho lifted their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a research report on Monday. Sanford C. Bernstein reduced their price target on Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 17th. Wells Fargo & Company lowered their price objective on Exxon Mobil from $139.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, August 5th. Royal Bank of Canada restated a "sector perform" rating and set a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 9th. Finally, Truist Financial dropped their price target on Exxon Mobil from $124.00 to $121.00 and set a "hold" rating on the stock in a research note on Monday, July 22nd. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average price target of $136.24.

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.