Fermata Advisors LLC Buys 2,950 Shares of Exxon Mobil Co. (NYSE:XOM)

Fermata Advisors LLC grew its position in Exxon Mobil Co. (NYSE:XOM) by 36.3% in the first quarter, HoldingsChannel.com reports. The firm owned 11,066 shares of the oil and gas company’s stock after acquiring an additional 2,950 shares during the period. Fermata Advisors LLC’s holdings in Exxon Mobil were worth $1,316,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. 10Elms LLP bought a new position in shares of Exxon Mobil during the fourth quarter worth $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $32,000. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $36,000. Finally, Compass Planning Associates Inc bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $47,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on XOM. Mizuho dropped their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group lowered their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley lowered their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Stock Down 1.4%

Shares of NYSE XOM opened at $102.33 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market cap of $441.01 billion, a P/E ratio of 13.05, a PEG ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The firm has a 50-day simple moving average of $106.06 and a two-hundred day simple moving average of $109.42.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period last year, the company earned $2.06 EPS. Exxon Mobil’s quarterly revenue was up .1% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.87%. Exxon Mobil’s dividend payout ratio (DPR) is 52.52%.

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.