Exxon Mobil Co. (NYSE:XOM) Shares Purchased by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 5.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,549 shares of the oil and gas company’s stock after purchasing an additional 3,907 shares during the period. HBK Sorce Advisory LLC’s holdings in Exxon Mobil were worth $8,898,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil during the first quarter valued at about $25,000. First Pacific Financial acquired a new stake in shares of Exxon Mobil during the first quarter valued at about $34,000. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at about $46,000. Vima LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at about $50,000. Finally, Keener Financial Planning LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at about $80,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. HSBC lifted their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Mizuho raised their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Barclays lowered their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Finally, Piper Sandler raised their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.94.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Down 2.3 %

Shares of NYSE:XOM traded down $2.73 during trading on Friday, hitting $116.07. 16,048,991 shares of the company were exchanged, compared to its average volume of 17,768,500. The stock has a market capitalization of $457.66 billion, a P/E ratio of 14.48, a PEG ratio of 4.46 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The firm’s 50 day moving average price is $114.17 and its 200-day moving average price is $110.86.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.83 EPS. On average, research analysts predict that Exxon Mobil Co. will post 8.8 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.27%. Exxon Mobil’s payout ratio is 46.57%.

Exxon Mobil Company 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.