Rafferty Asset Management LLC Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Rafferty Asset Management LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 857,833 shares of the oil and gas company’s stock after acquiring an additional 35,402 shares during the quarter. Rafferty Asset Management LLC’s holdings in Exxon Mobil were worth $92,277,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of XOM. RMR Wealth Builders increased its position in shares of Exxon Mobil by 3.1% during the fourth quarter. RMR Wealth Builders now owns 32,042 shares of the oil and gas company’s stock valued at $3,447,000 after buying an additional 960 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at about $1,118,000. Grandview Asset Management LLC increased its position in shares of Exxon Mobil by 16.1% during the fourth quarter. Grandview Asset Management LLC now owns 8,305 shares of the oil and gas company’s stock valued at $893,000 after buying an additional 1,150 shares during the period. Exeter Financial LLC increased its position in shares of Exxon Mobil by 2.6% during the fourth quarter. Exeter Financial LLC now owns 19,682 shares of the oil and gas company’s stock valued at $2,117,000 after buying an additional 494 shares during the period. Finally, Cullen Investment Group LTD. increased its position in shares of Exxon Mobil by 4.0% during the fourth quarter. Cullen Investment Group LTD. now owns 57,646 shares of the oil and gas company’s stock valued at $6,201,000 after buying an additional 2,201 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Piper Sandler cut their price objective on shares of Exxon Mobil from $127.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday. Mizuho cut their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday. Barclays cut their price objective on shares of Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Bernstein Bank upped their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Stock Down 0.9%

Shares of Exxon Mobil stock opened at $108.45 on Thursday. The company has a market cap of $467.38 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company’s 50 day moving average is $109.07 and its 200 day moving average is $110.98. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.06 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.65%. Exxon Mobil’s payout ratio is presently 52.52%.

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.