Moody Lynn & Lieberson LLC Increases Stake in Exxon Mobil Co. (NYSE:XOM)

Moody Lynn & Lieberson LLC grew its position in Exxon Mobil Co. (NYSE:XOM) by 6.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 27,734 shares of the oil and gas company’s stock after buying an additional 1,611 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Exxon Mobil were worth $3,193,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Intact Investment Management Inc. boosted its position in shares of Exxon Mobil by 225.7% during the fourth quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after buying an additional 47,400 shares during the last quarter. AJOVista LLC bought a new stake in Exxon Mobil in the 4th quarter worth approximately $312,000. Kinsale Capital Group Inc. raised its stake in Exxon Mobil by 33.0% during the 4th quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock valued at $3,896,000 after buying an additional 9,657 shares during the last quarter. Buckingham Capital Management Inc. lifted its holdings in shares of Exxon Mobil by 24.4% during the 4th quarter. Buckingham Capital Management Inc. now owns 10,395 shares of the oil and gas company’s stock valued at $1,039,000 after buying an additional 2,040 shares during the period. Finally, Unique Wealth Strategies LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth $1,839,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM traded up $1.59 on Friday, hitting $116.32. 10,381,431 shares of the company’s stock traded hands, compared to its average volume of 17,064,939. The company’s 50 day simple moving average is $115.14 and its 200-day simple moving average is $113.86. 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 Co. has a one year low of $95.77 and a one year high of $123.75. The firm has a market cap of $458.65 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 4.51 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 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 net margin of 9.62% and a return on equity of 16.75%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders 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 dividend yield of 3.27%. Exxon Mobil’s payout ratio is 46.57%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Mizuho upped their price objective on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Truist Financial cut their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. Morgan Stanley restated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Finally, Sanford C. Bernstein reduced their target price 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 investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $134.56.

About Exxon Mobil

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.