Intech Investment Management LLC Has $75.75 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Intech Investment Management LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 257.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 651,627 shares of the oil and gas company’s stock after acquiring an additional 469,283 shares during the quarter. Exxon Mobil makes up approximately 1.1% of Intech Investment Management LLC’s holdings, making the stock its 13th biggest holding. Intech Investment Management LLC’s holdings in Exxon Mobil were worth $75,745,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil during the 1st quarter valued at $25,000. First Pacific Financial purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at $34,000. Partnership Wealth Management LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $46,000. Vima LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $50,000. Finally, Keener Financial Planning LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $80,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 2.3 %

NYSE XOM traded down $2.73 during trading hours on Friday, reaching $116.07. 16,157,707 shares of the company traded hands, compared to its average volume of 15,032,544. The stock has a market capitalization of $457.67 billion, a PE ratio of 14.22, a PEG ratio of 4.47 and a beta of 0.91. The company has a 50 day moving average of $114.13 and a two-hundred day moving average of $111.04. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the previous year, the business posted $2.83 EPS. Exxon Mobil’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.27%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Piper Sandler lifted their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Mizuho upped their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Barclays reduced their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Sanford C. Bernstein lowered their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, UBS Group boosted their target price on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $134.94.

Exxon Mobil Company 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.