Allied Investment Advisors LLC lessened its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 118,553 shares of the oil and gas company’s stock after selling 2,941 shares during the period. Exxon Mobil makes up about 3.6% of Allied Investment Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. Allied Investment Advisors LLC’s holdings in Exxon Mobil were worth $10,153,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Guardian Wealth Management Inc. acquired a new stake in Exxon Mobil during the 4th quarter worth $30,000. GW&K Investment Management LLC bought a new stake in shares of Exxon Mobil in the first quarter worth about $32,000. CFS Investment Advisory Services LLC raised its position in shares of Exxon Mobil by 8,482.4% during the first quarter. CFS Investment Advisory Services LLC now owns 1,644,137 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 1,624,980 shares during the period. GoalVest Advisory LLC acquired a new position in shares of Exxon Mobil in the 1st quarter valued at approximately $38,000. Finally, Dravo Bay LLC bought a new stake in Exxon Mobil during the 1st quarter worth approximately $38,000. 56.84% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have weighed in on XOM. Credit Suisse Group reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, August 11th. Piper Sandler cut their price objective on shares of Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating on the stock in a research report on Monday, September 12th. Barclays increased their target price on Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a report on Tuesday, May 31st. Evercore ISI upgraded Exxon Mobil from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Finally, The Goldman Sachs Group increased their price objective on Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, June 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $96.69.
Insiders Place Their Bets
Exxon Mobil Stock Performance
Shares of XOM opened at $90.57 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. The firm has a 50-day moving average of $93.05 and a 200-day moving average of $89.79. The company has a market cap of $377.46 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 0.30 and a beta of 1.07. Exxon Mobil Co. has a one year low of $55.28 and a one year high of $105.57.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping analysts’ consensus estimates of $3.74 by $0.40. The business had revenue of $115.68 billion during the quarter, compared to analysts’ expectations of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. Exxon Mobil’s quarterly revenue was up 70.8% on a year-over-year basis. During the same quarter last year, the company posted $1.10 earnings per share. As a group, equities analysts forecast that Exxon Mobil Co. will post 12.67 earnings per share for the current year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Thursday, August 11th. Exxon Mobil’s dividend payout ratio is 38.51%.
About Exxon Mobil
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; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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