Ford Financial Group LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 9.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,959 shares of the oil and gas company’s stock after acquiring an additional 662 shares during the quarter. Ford Financial Group LLC’s holdings in Exxon Mobil were worth $444,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. OneAscent Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $412,000. Douglas Lane & Associates LLC boosted its position in Exxon Mobil by 0.8% during the 4th quarter. Douglas Lane & Associates LLC now owns 36,625 shares of the oil and gas company’s stock worth $1,510,000 after acquiring an additional 285 shares during the period. Americana Partners LLC boosted its position in Exxon Mobil by 187.2% during the 4th quarter. Americana Partners LLC now owns 93,546 shares of the oil and gas company’s stock worth $3,855,000 after acquiring an additional 60,974 shares during the period. Cullinan Associates Inc. grew its stake in Exxon Mobil by 34.8% during the 4th quarter. Cullinan Associates Inc. now owns 227,707 shares of the oil and gas company’s stock valued at $9,386,000 after acquiring an additional 58,776 shares in the last quarter. Finally, Community Bank of Raymore increased its holdings in shares of Exxon Mobil by 14.4% in the 4th quarter. Community Bank of Raymore now owns 30,946 shares of the oil and gas company’s stock valued at $2,110,000 after purchasing an additional 3,897 shares during the period. 50.90% of the stock is owned by institutional investors and hedge funds.
In other Exxon Mobil news, Director Michael J. Angelakis acquired 25,000 shares of Exxon Mobil stock in a transaction dated Monday, March 1st. The stock was bought at an average cost of $57.16 per share, with a total value of $1,429,000.00. Following the completion of the transaction, the director now owns 8,000 shares of the company’s stock, valued at $457,280. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is currently owned by corporate insiders.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Thursday, April 29th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $59.15 billion during the quarter, compared to analysts’ expectations of $55.36 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.14) earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post -0.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Thursday, May 13th will be given a dividend of $0.87 per share. The ex-dividend date is Wednesday, May 12th. This represents a $3.48 dividend on an annualized basis and a yield of 5.73%. Exxon Mobil’s payout ratio is currently 154.67%.
XOM has been the topic of a number of research reports. Exane BNP Paribas upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $45.50 target price on the stock in a report on Monday, February 8th. Morgan Stanley upped their target price on Exxon Mobil from $60.00 to $71.00 and gave the company an “overweight” rating in a report on Tuesday, March 16th. Evercore ISI initiated coverage on Exxon Mobil in a report on Tuesday, February 23rd. They issued an “inline” rating and a $48.00 target price on the stock. MKM Partners upped their target price on Exxon Mobil from $56.00 to $60.00 in a report on Thursday, March 4th. Finally, Truist upped their target price on Exxon Mobil from $60.00 to $64.00 in a report on Monday, May 3rd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $56.15.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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