Waypoint Wealth Partners Inc. Grows Position in Exxon Mobil Co. (NYSE:XOM)

Waypoint Wealth Partners Inc. lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 79.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,795 shares of the oil and gas company’s stock after acquiring an additional 3,440 shares during the quarter. Exxon Mobil accounts for about 0.3% of Waypoint Wealth Partners Inc.’s investment portfolio, making the stock its 28th largest holding. Waypoint Wealth Partners Inc.’s holdings in Exxon Mobil were worth $897,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Vanguard Group Inc. increased its position in shares of Exxon Mobil by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock valued at $38,846,569,000 after purchasing an additional 1,269,495 shares during the last quarter. Norges Bank purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $5,519,753,000. Price T Rowe Associates Inc. MD raised its position in Exxon Mobil by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after acquiring an additional 2,676,652 shares during the period. Capital International Investors boosted its stake in shares of Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after acquiring an additional 5,523,429 shares during the last quarter. Finally, Capital Research Global Investors grew its position in shares of Exxon Mobil by 6.0% during the 4th quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock valued at $1,838,462,000 after acquiring an additional 1,037,226 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Mizuho raised their target price on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Wells Fargo & Company lowered their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. 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. Truist Financial lowered their price target on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Finally, Barclays decreased their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $134.56.

Exxon Mobil Price Performance

NYSE:XOM traded up $1.59 during trading hours on Friday, reaching $116.32. The stock had a trading volume of 10,381,431 shares, compared to its average volume of 17,064,939. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The stock has a market capitalization of $458.65 billion, a PE ratio of 14.25, a PEG ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a 50 day moving average price of $115.14 and a two-hundred day moving average price of $113.78.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping 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 company had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the previous year, the business posted $1.94 earnings per share. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced 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. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is 46.57%.

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.