Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.4% during the fourth quarter, HoldingsChannel reports. The firm owned 675,566 shares of the oil and gas company’s stock after buying an additional 28,672 shares during the period. Exxon Mobil comprises about 0.9% of Mediolanum International Funds Ltd’s investment portfolio, making the stock its 19th biggest holding. Mediolanum International Funds Ltd’s holdings in Exxon Mobil were worth $71,272,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. FMR LLC grew its holdings in Exxon Mobil by 0.3% during the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock worth $17,801,457,000 after acquiring an additional 395,218 shares during the period. Geode Capital Management LLC increased its holdings in shares of 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 in the last quarter. Franklin Resources Inc. lifted 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 valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Charles Schwab Investment Management Inc. grew its position in Exxon Mobil by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock worth $3,652,589,000 after buying an additional 146,374 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in Exxon Mobil by 3.4% in the third quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company’s stock valued at $3,422,538,000 after buying an additional 949,875 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $106.82 on Monday. The company has a market capitalization of $469.48 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 2.84 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 1-year low of $100.42 and a 1-year high of $126.34. The business has a 50-day moving average of $110.36 and a 200-day moving average of $115.23.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. During the same quarter last year, the company posted $2.48 earnings per share. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on XOM shares. Morgan Stanley raised their price objective on Exxon Mobil from $139.00 to $140.00 in a research note on Friday. Piper Sandler decreased their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. TD Cowen dropped their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Scotiabank lowered their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday. Finally, BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.30.

Exxon Mobil Profile

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.