Rehmann Capital Advisory Group Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Rehmann Capital Advisory Group grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 9.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,677 shares of the oil and gas company’s stock after buying an additional 2,546 shares during the period. Rehmann Capital Advisory Group’s holdings in Exxon Mobil were worth $3,450,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Pacific Financial purchased a new position in Exxon Mobil in the first quarter worth about $34,000. Partnership Wealth Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth approximately $46,000. Vima LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth approximately $50,000. Redmont Wealth Advisors LLC purchased a new stake in Exxon Mobil during the 1st quarter valued at $88,000. Finally, Christopher J. Hasenberg Inc bought a new stake in Exxon Mobil in the first quarter worth $91,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.4 %

NYSE XOM traded up $0.45 during trading on Thursday, reaching $112.37. 1,527,230 shares of the company’s stock traded hands, compared to its average volume of 17,872,307. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The firm has a market cap of $443.08 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 4.07 and a beta of 0.91. The company’s 50 day simple moving average is $114.28 and its two-hundred day simple moving average is $110.32.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.83 EPS. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 9.18 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.38%. Exxon Mobil’s payout ratio is 46.57%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on XOM shares. Piper Sandler boosted their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. TD Cowen upped their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Scotiabank raised their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. UBS Group upped their target price on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, HSBC raised their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.41.

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.