Atria Investments Inc Boosts Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Atria Investments Inc grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 8.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 252,206 shares of the oil and gas company’s stock after buying an additional 20,070 shares during the period. Atria Investments Inc’s holdings in Exxon Mobil were worth $29,995,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank purchased a new stake in Exxon Mobil in the fourth quarter worth $6,936,737,000. GAMMA Investing LLC grew its stake in shares of Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after purchasing an additional 9,391,614 shares during the period. Franklin Resources Inc. grew its stake in shares of Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock valued at $3,836,226,000 after acquiring an additional 4,140,046 shares during the period. Northern Trust Corp grew its stake in shares of Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after acquiring an additional 2,998,892 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Exxon Mobil in the 4th quarter worth approximately $240,653,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

XOM traded up $0.24 during trading hours on Thursday, hitting $110.17. The company’s stock had a trading volume of 2,584,227 shares, compared to its average volume of 16,822,309. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a market capitalization of $474.81 billion, a PE ratio of 14.61, a PEG ratio of 2.02 and a beta of 0.50. The company has a 50-day simple moving average of $108.65 and a 200 day simple moving average of $108.98. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company’s revenue was up .1% compared to the same quarter last year. During the same period last year, the company posted $2.06 EPS. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.59%. Exxon Mobil’s payout ratio is presently 52.52%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on XOM. TD Cowen upped their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Mizuho dropped their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Piper Sandler upped their price objective on Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Finally, UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $125.42.

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.