Exxon Mobil Co. (NYSE:XOM) Stake Raised by HF Advisory Group LLC

HF Advisory Group LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 16.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 22,642 shares of the oil and gas company’s stock after purchasing an additional 3,210 shares during the quarter. Exxon Mobil accounts for about 1.2% of HF Advisory Group LLC’s portfolio, making the stock its 24th biggest position. HF Advisory Group LLC’s holdings in Exxon Mobil were worth $2,693,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC raised its position in Exxon Mobil by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company’s stock worth $10,023,875,000 after acquiring an additional 1,104,617 shares in the last quarter. Norges Bank bought a new stake in Exxon Mobil in the fourth quarter worth about $6,936,737,000. Northern Trust Corp raised its position in Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock worth $4,950,087,000 after acquiring an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after buying an additional 5,538,694 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock worth $3,836,226,000 after buying an additional 4,140,046 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 1.4%

Shares of NYSE XOM opened at $102.33 on Thursday. The stock has a market cap of $441.01 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 3.02 and a beta of 0.51. The business has a 50 day simple moving average of $106.06 and a 200 day simple moving average of $109.42. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 EPS. On average, research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.87%. Exxon Mobil’s dividend payout ratio (DPR) is currently 52.52%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Mizuho lowered their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Scotiabank lowered their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

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.