James J. Burns & Company LLC Has $1.43 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

James J. Burns & Company LLC increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 33.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,427 shares of the oil and gas company’s stock after purchasing an additional 3,109 shares during the period. James J. Burns & Company LLC’s holdings in Exxon Mobil were worth $1,431,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. FPC Investment Advisory Inc. bought a new stake in Exxon Mobil during the 1st quarter valued at approximately $25,000. First Pacific Financial acquired a new position in shares of Exxon Mobil during the first quarter worth approximately $34,000. Lynx Investment Advisory bought a new stake in shares of Exxon Mobil in the second quarter valued at approximately $47,000. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $46,000. Finally, Vima LLC bought a new position in Exxon Mobil during the fourth quarter worth $50,000. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

XOM has been the subject of several recent research reports. HSBC upped their price target on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Piper Sandler raised their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Sanford C. Bernstein lowered their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Finally, TD Cowen raised their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.39.

Exxon Mobil Price Performance

Shares of XOM stock traded down $0.37 during trading hours on Friday, reaching $118.36. 1,391,988 shares of the company were exchanged, compared to its average volume of 17,165,420. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The stock’s fifty day moving average is $114.58 and its two-hundred day moving average is $113.23. The company has a market cap of $466.69 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 4.51 and a beta of 0.91.

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, topping the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.95 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.21%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

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.