Aspiriant LLC boosted its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,556 shares of the oil and gas company’s stock after buying an additional 247 shares during the quarter. Aspiriant LLC’s holdings in Exxon Mobil were worth $2,912,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Axiom Financial Strategies LLC grew its position 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 purchasing an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc acquired a new stake in Exxon Mobil in the 1st quarter worth $275,000. Loomis Sayles & Co. L P grew its position 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 purchasing an additional 13,065 shares during the last quarter. Ergoteles LLC grew its position 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 purchasing an additional 7,744 shares during the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in Exxon Mobil in the 1st quarter worth $237,000. 58.59% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. The Goldman Sachs Group lowered shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research report on Monday, May 1st. Scotiabank downgraded shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $140.00 to $135.00 in a report on Thursday, April 13th. Piper Sandler reduced their price objective on shares of Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. StockNews.com initiated coverage on shares of Exxon Mobil in a report on Thursday, May 18th. They set a “hold” rating for the company. Finally, UBS Group raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $125.00 to $144.00 in a report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Hold” and an average target price of $124.66.
Exxon Mobil Stock Down 0.5 %
Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.18. The company had revenue of $86.56 billion during the quarter, compared to analysts’ expectations of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.07 earnings per share. Analysts expect that Exxon Mobil Co. will post 9.45 EPS for the current year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were paid a $0.91 dividend. The ex-dividend date was Monday, May 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.61%. Exxon Mobil’s dividend payout ratio (DPR) is presently 24.64%.
Insider Activity at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $116.11, for a total transaction of $290,275.00. Following the sale, the vice president now directly owns 29,272 shares in the company, valued at $3,398,771.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is currently owned by corporate insiders.
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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