Hedeker Wealth LLC Takes Position in Exxon Mobil Co. (NYSE:XOM)

Hedeker Wealth LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,377 shares of the oil and gas company’s stock, valued at approximately $2,116,000.

Several other hedge funds have also recently bought and sold shares of XOM. International Assets Investment Management LLC increased its holdings in shares of Exxon Mobil by 3.2% during the fourth quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock valued at $4,918,000 after purchasing an additional 1,539 shares during the period. Tennessee Valley Asset Management Partners increased its position in shares of Exxon Mobil by 4.3% during the 4th quarter. Tennessee Valley Asset Management Partners now owns 5,611 shares of the oil and gas company’s stock valued at $561,000 after purchasing an additional 232 shares during the period. Telos Capital Management Inc. raised its stake in shares of Exxon Mobil by 140.6% in the 4th quarter. Telos Capital Management Inc. now owns 23,509 shares of the oil and gas company’s stock worth $2,350,000 after buying an additional 13,739 shares in the last quarter. Oakworth Capital Inc. lifted its holdings in Exxon Mobil by 3.3% in the 4th quarter. Oakworth Capital Inc. now owns 22,730 shares of the oil and gas company’s stock valued at $2,273,000 after acquiring an additional 731 shares during the last quarter. Finally, Flossbach Von Storch AG boosted its holdings in Exxon Mobil by 8.2% during the fourth quarter. Flossbach Von Storch AG now owns 572,343 shares of the oil and gas company’s stock worth $57,223,000 after buying an additional 43,415 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on XOM shares. Wolfe Research initiated coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Truist Financial reduced 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. HSBC lifted their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Finally, UBS Group raised their target price on Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.39.

Exxon Mobil Stock Down 0.5 %

Shares of Exxon Mobil stock traded down $0.56 during midday trading on Friday, reaching $118.17. 10,056,024 shares of the company’s stock traded hands, compared to its average volume of 17,220,250. 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 Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company’s 50 day simple moving average is $114.69 and its 200 day simple moving average is $113.39. The company has a market cap of $465.95 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted 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 company had revenue of $93.06 billion for the quarter, compared to analyst estimates 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 was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $1.94 earnings per share. Equities analysts expect that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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