Exxon Mobil Co. (NYSE:XOM) Shares Purchased by First Community Trust NA

First Community Trust NA raised its stake in Exxon Mobil Co. (NYSE:XOM) by 20.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,383 shares of the oil and gas company’s stock after acquiring an additional 239 shares during the quarter. First Community Trust NA’s holdings in Exxon Mobil were worth $159,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Buckingham Capital Management Inc. lifted its stake in shares of Exxon Mobil by 10.1% during the second quarter. Buckingham Capital Management Inc. now owns 18,213 shares of the oil and gas company’s stock valued at $2,097,000 after buying an additional 1,665 shares during the period. Cooper Financial Group lifted its stake in shares of Exxon Mobil by 63.1% during the 2nd quarter. Cooper Financial Group now owns 32,672 shares of the oil and gas company’s stock worth $3,761,000 after purchasing an additional 12,645 shares during the period. Emerald Advisors LLC boosted its holdings in shares of Exxon Mobil by 7.9% during the second quarter. Emerald Advisors LLC now owns 3,690 shares of the oil and gas company’s stock worth $425,000 after purchasing an additional 269 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Exxon Mobil by 4.9% in the second quarter. Sequoia Financial Advisors LLC now owns 408,291 shares of the oil and gas company’s stock valued at $47,002,000 after purchasing an additional 19,019 shares during the period. Finally, Alpha Cubed Investments LLC increased its stake in Exxon Mobil by 6.5% in the second quarter. Alpha Cubed Investments LLC now owns 41,739 shares of the oil and gas company’s stock valued at $4,805,000 after purchasing an additional 2,538 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE:XOM traded down $1.02 during mid-day trading on Tuesday, hitting $117.98. The stock had a trading volume of 5,150,161 shares, compared to its average volume of 17,293,779. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $465.20 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 4.51 and a beta of 0.91. The company has a 50 day simple moving average of $114.27 and a 200-day simple moving average of $113.05.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results 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 return on equity of 16.75% and a net margin of 9.62%. 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 company posted $1.94 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.22%. Exxon Mobil’s payout ratio is 46.57%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. Truist Financial lowered their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Barclays cut their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company cut their target price 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. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.39.

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.