Exxon Mobil Co. (NYSE:XOM) Shares Bought by NavPoint Financial Inc.

NavPoint Financial Inc. grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,081 shares of the oil and gas company’s stock after buying an additional 302 shares during the period. Exxon Mobil accounts for about 0.8% of NavPoint Financial Inc.’s holdings, making the stock its 26th largest holding. NavPoint Financial Inc.’s holdings in Exxon Mobil were worth $930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in XOM. Carmel Capital Partners LLC raised its stake in Exxon Mobil by 1.0% during the 1st quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock worth $1,022,000 after buying an additional 86 shares during the period. PFS Partners LLC boosted its stake in Exxon Mobil by 0.5% in the first quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock valued at $2,190,000 after acquiring an additional 89 shares during the last quarter. WPWealth LLP lifted its holdings in Exxon Mobil by 1.0% during the first quarter. WPWealth LLP now owns 8,701 shares of the oil and gas company’s stock valued at $1,011,000 after purchasing an additional 90 shares during the last quarter. Gilbert & Cook Inc. lifted its holdings in Exxon Mobil by 0.4% during the 1st quarter. Gilbert & Cook Inc. now owns 25,564 shares of the oil and gas company’s stock worth $2,972,000 after purchasing an additional 91 shares in the last quarter. Finally, Vawter Financial Ltd. increased its holdings in shares of Exxon Mobil by 3.9% in the first quarter. Vawter Financial Ltd. now owns 2,433 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 91 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on XOM. Wolfe Research started coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. Sanford C. Bernstein dropped their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Truist Financial decreased their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. HSBC increased their target price on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Finally, TD Cowen lifted their price objective on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.56.

Exxon Mobil Trading Down 1.0 %

NYSE:XOM traded down $1.14 on Wednesday, reaching $116.54. 3,543,990 shares of the company’s stock were exchanged, compared to its average volume of 16,920,479. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $459.52 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The business has a fifty day moving average of $115.35 and a 200-day moving average of $114.05. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same period last year, the business earned $1.94 EPS. The company’s revenue was up 12.2% on a year-over-year basis. As a group, analysts expect that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a $0.95 dividend. 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 3.26%. 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.