New World Advisors LLC Purchases 3,620 Shares of Exxon Mobil Corporation $XOM

New World Advisors LLC boosted its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 34.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 14,134 shares of the oil and gas company's stock after purchasing an additional 3,620 shares during the period. Exxon Mobil comprises 0.3% of New World Advisors LLC's holdings, making the stock its 11th largest position. New World Advisors LLC's holdings in Exxon Mobil were worth $1,524,000 at the end of the most recent quarter.

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A number of other institutional investors have also recently bought and sold shares of XOM. Nuveen LLC acquired a new position in shares of Exxon Mobil during the 1st quarter worth approximately $2,730,414,000. GQG Partners LLC lifted its holdings in Exxon Mobil by 15,135.7% during the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock valued at $1,197,753,000 after purchasing an additional 10,004,975 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Exxon Mobil during the second quarter worth $607,621,000. Ameriprise Financial Inc. increased its holdings in shares of Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock valued at $3,213,848,000 after purchasing an additional 2,639,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Exxon Mobil by 72.5% in the second quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company's stock valued at $598,280,000 after purchasing an additional 2,332,293 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. Piper Sandler raised their target price on shares of Exxon Mobil from $141.00 to $144.00 and gave the stock an "overweight" rating in a research note on Monday, November 10th. Melius started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. Barclays decreased their target price on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 7th. Morgan Stanley increased their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Mizuho reduced their price target on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research note on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $128.67.

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Check Out Our Latest Stock Analysis on Exxon Mobil

Exxon Mobil Price Performance

XOM stock opened at $117.08 on Friday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The firm has a market cap of $493.75 billion, a P/E ratio of 16.63, a P/E/G ratio of 2.06 and a beta of 0.49. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The company's 50-day moving average price is $114.69 and its two-hundred day moving average price is $111.04.

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Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion for the quarter. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.99. Exxon Mobil's payout ratio is currently 59.88%.

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.

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