Sun Sep 15 14:20:58 UTC 2024: ## ExxonMobil Sees Increased Investment from Institutional Investors
**New York, NY – September 15, 2024** – ExxonMobil (NYSE: XOM) saw a significant boost in investor confidence during the second quarter, with several prominent hedge funds and institutional investors increasing their holdings.
Eagle Strategies LLC, a leading institutional investor, grew its position in ExxonMobil by a whopping 103.3%, acquiring an additional 14,509 shares. This move brought their total ownership to 28,561 shares, valued at $3,288,000.
Other notable increases included:
* Carmel Capital Partners LLC, boosting its stake by 1.0% during the first quarter.
* Integral Investment Advisors Inc., increasing its holdings by 2.1% in the second quarter.
* Mascoma Wealth Management LLC, growing its position by 7.0% during the second quarter.
* PFS Partners LLC, raising its ownership by 0.5% in the first quarter.
* WPWealth LLP, increasing its holdings by 1.0% in the first quarter.
Overall, institutional investors and hedge funds now control 61.80% of ExxonMobil’s stock, demonstrating strong confidence in the company’s future prospects.
ExxonMobil’s stock opened at $111.15 on Friday, with a market cap of $438.27 billion. The company recently declared a quarterly dividend of $0.95 per share, translating to a $3.80 annualized dividend and a yield of 3.42%.
Analysts remain optimistic about ExxonMobil’s performance. While some firms adjusted their price targets, the overall sentiment is positive, with eleven analysts recommending a “buy” rating and one recommending a “strong buy.” MarketBeat.com currently assigns an average rating of “Moderate Buy” with a consensus price target of $136.29.
ExxonMobil continues to be a major player in the global energy market, focusing on exploration and production of crude oil and natural gas.
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