Midwest Financial Group LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Midwest Financial Group LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.6% during the second quarter, HoldingsChannel reports. The firm owned 14,184 shares of the oil and gas company’s stock after buying an additional 354 shares during the period. Exxon Mobil accounts for approximately 1.0% of Midwest Financial Group LLC’s holdings, making the stock its 28th largest holding. Midwest Financial Group LLC’s holdings in Exxon Mobil were worth $1,633,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Exxon Mobil during the first quarter valued at approximately $25,000. First Pacific Financial acquired a new stake in shares of Exxon Mobil during the first quarter worth approximately $34,000. Lynx Investment Advisory acquired a new stake in shares of Exxon Mobil during the second quarter worth approximately $47,000. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $46,000. Finally, Vima LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $50,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent analyst reports. 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 report on Tuesday, April 30th. UBS Group raised their price target on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Truist Financial decreased their price target on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Barclays decreased their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Finally, Sanford C. Bernstein decreased their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.39.

Exxon Mobil Stock Performance

Shares of XOM traded down $0.69 during mid-day trading on Friday, reaching $118.04. 182,450 shares of the company’s stock traded hands, compared to its average volume of 17,157,766. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock has a market capitalization of $465.43 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The business’s 50-day moving average price is $114.58 and its 200-day moving average price is $113.23. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating 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 firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.94 EPS. Equities analysts predict that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s 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.