Verum Partners LLC Has $456,000 Position in Exxon Mobil Co. (NYSE:XOM)

Verum Partners LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 38.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,834 shares of the oil and gas company’s stock after buying an additional 1,071 shares during the quarter. Verum Partners LLC’s holdings in Exxon Mobil were worth $456,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC grew its holdings in shares of Exxon Mobil by 1.1% during the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock worth $923,000 after purchasing an additional 93 shares in the last quarter. Altus Wealth Group LLC lifted its position in Exxon Mobil by 0.9% in the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock worth $1,090,000 after purchasing an additional 94 shares during the period. Harvest Fund Management Co. Ltd boosted its stake in Exxon Mobil by 11.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company’s stock worth $99,000 after buying an additional 94 shares in the last quarter. WPWealth LLP increased its holdings in Exxon Mobil by 1.1% in the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company’s stock valued at $990,000 after buying an additional 96 shares during the period. Finally, Financial Management Network Inc. raised its stake in shares of Exxon Mobil by 1.2% in the 4th quarter. Financial Management Network Inc. now owns 8,441 shares of the oil and gas company’s stock valued at $910,000 after buying an additional 97 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on XOM. UBS Group decreased their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley lowered their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Barclays restated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Piper Sandler cut Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Stock Up 2.4%

Shares of NYSE:XOM opened at $104.29 on Friday. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The firm has a market cap of $449.45 billion, a P/E ratio of 13.30, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $105.42 and its two-hundred day moving average price is $109.19.

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 for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the business posted $2.06 earnings per share. Exxon Mobil’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.