Exxon Mobil Co. (NYSE:XOM) Stock Holdings Boosted by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1,524.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,445,922 shares of the oil and gas company’s stock after buying an additional 5,110,603 shares during the period. Exxon Mobil accounts for approximately 1.3% of Pacer Advisors Inc.’s holdings, making the stock its 2nd largest holding. Pacer Advisors Inc.’s holdings in Exxon Mobil were worth $585,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XOM. International Assets Investment Management LLC increased its stake in Exxon Mobil by 7,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after buying an additional 6,805,982 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after acquiring an additional 4,415,012 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Exxon Mobil by 168.5% during the third quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock worth $531,060,000 after purchasing an additional 2,842,844 shares in the last quarter. Geode Capital Management LLC raised its stake in Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after purchasing an additional 1,622,064 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Exxon Mobil by 9.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 18,328,008 shares of the oil and gas company’s stock valued at $2,148,409,000 after purchasing an additional 1,512,694 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on XOM. UBS Group dropped their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Piper Sandler cut their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Barclays lowered their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. JPMorgan Chase & Co. cut their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $108.69 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm has a market cap of $477.69 billion, a P/E ratio of 13.54, a P/E/G ratio of 2.86 and a beta of 0.91. The firm’s 50 day moving average price is $111.14 and its 200-day moving average price is $115.38. Exxon Mobil Co. has a one year low of $100.42 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the firm earned $2.27 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. As a group, equities research analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.64%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

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.