Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Calamos Wealth Management LLC

Calamos Wealth Management LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 26.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,030 shares of the oil and gas company’s stock after purchasing an additional 3,339 shares during the period. Calamos Wealth Management LLC’s holdings in Exxon Mobil were worth $1,845,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. Vanguard Group Inc. grew its holdings in shares of Exxon Mobil by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock worth $38,846,569,000 after buying an additional 1,269,495 shares during the last quarter. Norges Bank acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $5,519,753,000. Price T Rowe Associates Inc. MD raised its stake in shares of Exxon Mobil by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after purchasing an additional 2,676,652 shares during the last quarter. Capital International Investors raised its stake in shares of Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after purchasing an additional 5,523,429 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Exxon Mobil by 6.0% during the fourth quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock worth $1,838,462,000 after purchasing an additional 1,037,226 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 1.4 %

XOM opened at $116.32 on Monday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The business has a 50-day moving average of $115.14 and a two-hundred day moving average of $113.94. 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 stock has a market capitalization of $458.65 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91.

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

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on XOM shares. HSBC upped their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Morgan Stanley restated an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Truist Financial dropped their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Wolfe Research began coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company. Finally, TD Cowen increased their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average 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.