Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 8.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,187,270 shares of the oil and gas company’s stock after buying an additional 467,931 shares during the period. Principal Financial Group Inc. owned about 0.16% of Exxon Mobil worth $712,278,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AJOVista LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $312,000. Kinsale Capital Group Inc. increased its stake in shares of Exxon Mobil by 33.0% in the fourth quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock worth $3,896,000 after buying an additional 9,657 shares during the last quarter. Buckingham Capital Management Inc. increased its stake in shares of Exxon Mobil by 24.4% in the fourth quarter. Buckingham Capital Management Inc. now owns 10,395 shares of the oil and gas company’s stock worth $1,039,000 after buying an additional 2,040 shares during the last quarter. Cooksen Wealth LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth $136,000. Finally, Mizuho Markets Americas LLC increased its stake in shares of Exxon Mobil by 37.8% in the fourth quarter. Mizuho Markets Americas LLC now owns 41,711 shares of the oil and gas company’s stock worth $4,170,000 after buying an additional 11,434 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

NYSE XOM opened at $117.87 on Friday. The company has a 50 day simple moving average of $115.79 and a 200-day simple moving average of $114.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The firm has a market capitalization of $464.76 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.94 earnings per share. Equities research analysts predict that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Analyst Ratings Changes

Several research firms have weighed in on XOM. Royal Bank of Canada reiterated a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 9th. Wolfe Research began coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target for the company. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Wells Fargo & Company decreased their target price on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, Truist Financial decreased their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $134.56.

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.