MCIA Inc Grows Stake in Exxon Mobil Co. (NYSE:XOM)

MCIA Inc raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 11.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,967 shares of the oil and gas company’s stock after acquiring an additional 296 shares during the quarter. MCIA Inc’s holdings in Exxon Mobil were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Burke & Herbert Bank & Trust Co. lifted its stake in shares of Exxon Mobil by 146.6% during the second quarter. Burke & Herbert Bank & Trust Co. now owns 79,951 shares of the oil and gas company’s stock valued at $9,204,000 after buying an additional 47,527 shares during the period. Kure Advisory LLC lifted its stake in shares of Exxon Mobil by 3.8% during the 2nd quarter. Kure Advisory LLC now owns 2,919 shares of the oil and gas company’s stock worth $336,000 after purchasing an additional 107 shares during the period. EWG Elevate Inc. boosted its holdings in shares of Exxon Mobil by 12.3% during the second quarter. EWG Elevate Inc. now owns 3,544 shares of the oil and gas company’s stock worth $408,000 after purchasing an additional 389 shares during the last quarter. Gemmer Asset Management LLC acquired a new position in Exxon Mobil in the second quarter valued at $256,000. Finally, M&G Plc increased its position in Exxon Mobil by 1,201.3% during the second quarter. M&G Plc now owns 245,150 shares of the oil and gas company’s stock worth $28,192,000 after purchasing an additional 226,311 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research reports. Morgan Stanley reissued an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Wolfe Research initiated coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Piper Sandler raised their target price on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, UBS Group lifted their price target on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $134.39.

Exxon Mobil Stock Performance

XOM opened at $118.20 on Wednesday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The stock has a market cap of $466.06 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The business’s 50 day moving average is $114.37 and its 200-day moving average is $113.15. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same period last year, the firm posted $1.94 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. On average, analysts predict that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s payout ratio is currently 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.