Concord Wealth Partners grew its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 145.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 17,418 shares of the oil and gas company’s stock after acquiring an additional 10,320 shares during the period. Concord Wealth Partners’ holdings in Exxon Mobil were worth $1,910,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of XOM. Axiom Financial Strategies LLC boosted its holdings in Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after purchasing an additional 1,173 shares during the period. Retirement Income Solutions Inc purchased a new position in Exxon Mobil in the first quarter valued at $275,000. Loomis Sayles & Co. L P boosted its holdings in Exxon Mobil by 318.8% in the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after purchasing an additional 13,065 shares during the period. Ergoteles LLC boosted its holdings in Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after purchasing an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC purchased a new position in Exxon Mobil in the first quarter valued at $237,000. 58.59% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Stock Performance
Shares of XOM stock opened at $101.38 on Tuesday. The stock has a market capitalization of $409.88 billion, a PE ratio of 6.86, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08. Exxon Mobil Co. has a 52-week low of $83.89 and a 52-week high of $119.92. The stock’s 50-day moving average price is $105.31 and its 200 day moving average price is $109.47. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.19.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s payout ratio is 24.64%.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $116.11, for a total transaction of $290,275.00. Following the transaction, the vice president now owns 29,272 shares in the company, valued at approximately $3,398,771.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on XOM shares. Piper Sandler decreased their target price on Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Jefferies Financial Group decreased their price target on Exxon Mobil from $148.00 to $140.00 in a report on Monday, May 15th. Truist Financial lifted their price target on Exxon Mobil from $116.00 to $118.00 in a report on Monday, May 1st. Royal Bank of Canada downgraded Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price target for the company. in a report on Thursday, June 1st. Finally, Mizuho decreased their price target on Exxon Mobil from $147.00 to $130.00 in a report on Friday, May 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $124.70.
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.
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