Exxon Mobil Co. (NYSE:XOM) Shares Bought by Verity & Verity LLC

Verity & Verity LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 160,289 shares of the oil and gas company’s stock after acquiring an additional 2,770 shares during the period. Exxon Mobil comprises about 1.7% of Verity & Verity LLC’s investment portfolio, making the stock its 24th biggest holding. Verity & Verity LLC’s holdings in Exxon Mobil were worth $19,063,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Quantinno Capital Management LP grew its stake in Exxon Mobil by 24.1% in the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock worth $61,332,000 after purchasing an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC acquired a new position in Exxon Mobil in the fourth quarter worth about $55,000. Renasant Bank grew its stake in Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock worth $1,115,000 after purchasing an additional 493 shares in the last quarter. Paradigm Capital Management LLC NV grew its stake in Exxon Mobil by 1.6% in the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company’s stock worth $1,532,000 after purchasing an additional 227 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. boosted its stake in Exxon Mobil by 2,334.5% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 36,226 shares of the oil and gas company’s stock valued at $3,897,000 after acquiring an additional 34,738 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on XOM shares. Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. UBS Group cut their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Scotiabank cut their target price on shares of 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. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Morgan Stanley lowered their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Stock Up 0.4%

XOM stock opened at $109.71 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a 50-day moving average of $105.28 and a two-hundred day moving average of $108.82. The stock has a market capitalization of $472.81 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.06 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s dividend payout ratio is currently 52.52%.

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.