Moseley Investment Management Inc. Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

Moseley Investment Management Inc. grew its stake in Exxon Mobil Co. (NYSE:XOM) by 20.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,587 shares of the oil and gas company’s stock after buying an additional 939 shares during the quarter. Moseley Investment Management Inc.’s holdings in Exxon Mobil were worth $643,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Root Financial Partners LLC grew its position in shares of Exxon Mobil by 10.7% during the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock valued at $205,000 after acquiring an additional 199 shares during the period. Dupree Financial Group LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $378,000. Intact Investment Management Inc. increased its position in shares of Exxon Mobil by 225.7% in the fourth quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after buying an additional 47,400 shares in the last quarter. AJOVista LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth approximately $312,000. Finally, Kinsale Capital Group Inc. lifted its position in shares of Exxon Mobil by 33.0% during the 4th quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock valued at $3,896,000 after buying an additional 9,657 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.0 %

Shares of NYSE:XOM traded down $0.04 during midday trading on Thursday, reaching $118.91. 6,120,461 shares of the company’s stock were exchanged, compared to its average volume of 17,231,117. The stock has a market cap of $468.86 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The firm’s 50 day simple moving average is $114.49 and its two-hundred day simple moving average is $113.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM) last announced 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 net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same period last year, the business earned $1.94 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Analysts Set New Price Targets

Several equities research analysts recently commented on XOM shares. HSBC boosted their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Barclays dropped their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Truist Financial decreased their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Wolfe Research began coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price for the company. Finally, TD Cowen raised their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $134.39.

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.