Tounjian Advisory Partners LLC Takes $6.70 Million Position in Exxon Mobil Co. (NYSE:XOM)

Tounjian Advisory Partners LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 56,328 shares of the oil and gas company’s stock, valued at approximately $6,699,000. Exxon Mobil comprises about 1.2% of Tounjian Advisory Partners LLC’s portfolio, making the stock its 16th largest position.

Several other large investors have also made changes to their positions in XOM. 10Elms LLP purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the fourth quarter worth $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil during the fourth quarter worth $32,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil during the fourth quarter worth $36,000. Finally, Compass Planning Associates Inc purchased a new stake in Exxon Mobil during the fourth quarter worth $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $104.97 on Tuesday. The firm has a 50-day simple moving average of $105.14 and a 200-day simple moving average of $108.90. The stock has a market capitalization of $452.36 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34.

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

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Analyst Ratings Changes

XOM has been the topic of a number of recent analyst reports. Mizuho lowered their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Piper Sandler downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. UBS Group lowered their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Morgan Stanley lowered their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Finally, Barclays reissued a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

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.