Wallington Asset Management LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 1.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,932 shares of the oil and gas company’s stock after purchasing an additional 985 shares during the quarter. Exxon Mobil makes up about 1.7% of Wallington Asset Management LLC’s portfolio, making the stock its 27th biggest holding. Wallington Asset Management LLC’s holdings in Exxon Mobil were worth $8,656,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Axiom Financial Strategies LLC increased its holdings in Exxon Mobil by 17.4% in the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after acquiring an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc purchased a new stake in Exxon Mobil in the 1st quarter worth $275,000. Loomis Sayles & Co. L P increased its holdings in Exxon Mobil by 318.8% in the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after acquiring an additional 13,065 shares in the last quarter. Ergoteles LLC increased its holdings in Exxon Mobil by 95.6% in the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after acquiring an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in Exxon Mobil during the 1st quarter worth $237,000. 58.59% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on XOM shares. Jefferies Financial Group lowered their target price on shares of Exxon Mobil from $148.00 to $140.00 in a research note on Monday, May 15th. Truist Financial lifted their target price on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. StockNews.com started coverage on shares of Exxon Mobil in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Mizuho lowered their target price on shares of Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. Finally, Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $124.70.
Insider Buying and Selling
Exxon Mobil Stock Up 0.8 %
Shares of NYSE:XOM opened at $105.41 on Thursday. The firm’s 50-day moving average is $107.45 and its two-hundred day moving average is $109.65. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.46 and a quick ratio of 1.10. Exxon Mobil Co. has a 1 year low of $80.69 and a 1 year high of $119.92. The firm has a market capitalization of $426.17 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 0.61 and a beta of 1.09.
Exxon Mobil (NYSE:XOM – Free Report) last released its earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.18. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The firm had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. During the same period in the prior year, the firm earned $2.07 earnings per share. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 9.59 EPS for the current year.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were paid a dividend of $0.91 per share. The ex-dividend date was Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.45%. Exxon Mobil’s payout ratio is 24.64%.
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.
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