Brio Consultants LLC bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,092 shares of the oil and gas company’s stock, valued at approximately $229,000.
Other institutional investors also recently modified their holdings of the company. Cookson Peirce & Co. Inc. increased its stake in Exxon Mobil by 16.6% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock valued at $1,140,000 after acquiring an additional 1,469 shares during the period. St. Louis Trust Co grew its stake in Exxon Mobil by 11.0% during the fourth quarter. St. Louis Trust Co now owns 35,533 shares of the oil and gas company’s stock worth $3,919,000 after buying an additional 3,507 shares during the last quarter. Triasima Portfolio Management inc. grew its stake in Exxon Mobil by 3.5% during the first quarter. Triasima Portfolio Management inc. now owns 4,563 shares of the oil and gas company’s stock worth $500,000 after buying an additional 153 shares during the last quarter. Kestra Private Wealth Services LLC grew its stake in Exxon Mobil by 5.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company’s stock worth $12,963,000 after buying an additional 5,770 shares during the last quarter. Finally, TIAA FSB grew its stake in Exxon Mobil by 8.2% during the first quarter. TIAA FSB now owns 509,184 shares of the oil and gas company’s stock worth $55,837,000 after buying an additional 38,760 shares during the last quarter. Institutional investors and hedge funds own 58.59% of the company’s stock.
Exxon Mobil Trading Down 1.3 %
NYSE:XOM opened at $105.24 on Thursday. The firm’s fifty day moving average is $104.96 and its 200-day moving average is $109.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a 52 week low of $83.89 and a 52 week high of $119.92. The firm has a market cap of $425.48 billion, a P/E ratio of 8.42, a P/E/G ratio of 0.56 and a beta of 1.09.
Exxon Mobil (NYSE:XOM – Get Free Report) last released its earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The company had revenue of $82.91 billion for the quarter, compared to analyst estimates of $81.80 billion. During the same quarter in the previous year, the firm earned $4.14 EPS. The firm’s revenue was down 28.3% on a year-over-year basis. Equities analysts expect that Exxon Mobil Co. will post 8.87 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.46%. Exxon Mobil’s payout ratio is presently 29.12%.
Insider Activity at Exxon Mobil
In related news, Director Jeffrey W. Ubben bought 458,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the transaction, the director now directly owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
XOM has been the topic of several research analyst reports. Jefferies Financial Group decreased their price target on shares of Exxon Mobil from $148.00 to $140.00 in a research note on Monday, May 15th. Wolfe Research lowered shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. Scotiabank lowered shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $140.00 to $135.00 in a report on Thursday, April 13th. Truist Financial cut their price objective on shares of Exxon Mobil from $118.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, July 24th. Finally, HSBC increased their price objective on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a report on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $124.30.
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.
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