Dimensional Fund Advisors LP Has $4.81 Billion Stock Position in ExxonMobil Corporation $XOM

Dimensional Fund Advisors LP increased its stake in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 5.7% in the first quarter, Holdings Channel.com reports. The fund owned 28,364,314 shares of the oil and gas company’s stock after purchasing an additional 1,540,902 shares during the period. ExxonMobil comprises about 1.0% of Dimensional Fund Advisors LP’s holdings, making the stock its 8th biggest position. Dimensional Fund Advisors LP’s holdings in ExxonMobil were worth $4,812,790,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new position in shares of ExxonMobil during the 4th quarter valued at approximately $26,000. Midwest Capital Advisors LLC purchased a new position in ExxonMobil in the 4th quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 187 shares during the period. Key Capital Management INC purchased a new stake in shares of ExxonMobil in the fourth quarter valued at approximately $28,000. Finally, Nvest Wealth Strategies Inc. bought a new position in ExxonMobil in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent research reports. Zacks Research downgraded shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. UBS Group increased their price objective on ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a report on Monday, May 4th. Citigroup reaffirmed a “neutral” rating on shares of ExxonMobil in a research report on Wednesday, July 8th. Wells Fargo & Company lifted their price target on ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Finally, Piper Sandler started coverage on shares of ExxonMobil in a research note on Thursday. They set a “neutral” rating and a $158.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.25.

View Our Latest Analysis on ExxonMobil

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ExxonMobil Price Performance

NYSE:XOM opened at $156.86 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $145.93 and a two-hundred day moving average of $147.38. The firm has a market cap of $650.17 billion, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 0.64 and a beta of 0.17. ExxonMobil Corporation has a 12 month low of $105.53 and a 12 month high of $176.41.

ExxonMobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The business had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. During the same quarter in the prior year, the firm earned $1.76 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, analysts expect that ExxonMobil Corporation will post 11.28 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s payout ratio is presently 69.48%.

ExxonMobil Company Profile

(Free Report)

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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