Assetmark Inc. increased its stake in Exxon Mobil Corporation (NYSE:XOM) by 22.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 253,321 shares of the oil and gas company’s stock after buying an additional 46,170 shares during the period. Assetmark Inc.’s holdings in Exxon Mobil Corporation were worth $20,775,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Exxon Mobil Corporation during the fourth quarter valued at $3,306,084,000. Pioneer Investment Management Inc. boosted its stake in shares of Exxon Mobil Corporation by 142.4% in the first quarter. Pioneer Investment Management Inc. now owns 2,219,877 shares of the oil and gas company’s stock valued at $182,052,000 after buying an additional 1,304,036 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in shares of Exxon Mobil Corporation by 9,075.3% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,034,518 shares of the oil and gas company’s stock valued at $1,034,000 after buying an additional 1,023,243 shares during the period. Alkeon Capital Management LLC acquired a new stake in shares of Exxon Mobil Corporation during the fourth quarter valued at $72,935,000. Finally, State of Tennessee Treasury Department boosted its stake in shares of Exxon Mobil Corporation by 28.5% in the first quarter. State of Tennessee Treasury Department now owns 3,214,501 shares of the oil and gas company’s stock valued at $263,621,000 after buying an additional 712,959 shares during the period. 50.61% of the stock is owned by institutional investors and hedge funds.

Shares of Exxon Mobil Corporation (XOM) opened at 80.21 on Friday. Exxon Mobil Corporation has a one year low of $78.27 and a one year high of $93.21. The stock has a 50 day moving average of $81.06 and a 200 day moving average of $82.01. The stock has a market cap of $339.85 billion, a P/E ratio of 28.97 and a beta of 0.81.

Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by $0.05. The company had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. Exxon Mobil Corporation’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. On average, analysts forecast that Exxon Mobil Corporation will post $3.47 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio is presently 111.19%.

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Several brokerages have weighed in on XOM. Royal Bank Of Canada set a $90.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Thursday. HSBC Holdings plc set a $81.50 price objective on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Thursday. Scotiabank set a $86.00 target price on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Friday, July 28th. Jefferies Group LLC set a $86.00 target price on shares of Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Thursday, July 27th. Finally, Vetr upgraded shares of Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.47 target price for the company in a research report on Monday, July 24th. Nine analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Exxon Mobil Corporation currently has an average rating of “Hold” and an average price target of $85.39.

About Exxon Mobil Corporation

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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Institutional Ownership by Quarter for Exxon Mobil Corporation (NYSE:XOM)

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