Beese Fulmer Investment Management Inc. Has $12.76 Million Position in Exxon Mobil Co. (NYSE:XOM)

Beese Fulmer Investment Management Inc. lifted its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 148,959 shares of the oil and gas company’s stock after acquiring an additional 3,015 shares during the quarter. Exxon Mobil makes up 1.6% of Beese Fulmer Investment Management Inc.’s portfolio, making the stock its 16th biggest holding. Beese Fulmer Investment Management Inc.’s holdings in Exxon Mobil were worth $12,757,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in Exxon Mobil in the fourth quarter valued at approximately $3,184,424,000. GQG Partners LLC increased its stake in Exxon Mobil by 59.9% in the 1st quarter. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company’s stock valued at $4,277,527,000 after buying an additional 19,403,556 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Exxon Mobil by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company’s stock worth $30,098,496,000 after purchasing an additional 8,825,023 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Exxon Mobil by 149.6% during the 1st quarter. American Century Companies Inc. now owns 6,534,097 shares of the oil and gas company’s stock worth $539,651,000 after purchasing an additional 3,915,876 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Exxon Mobil by 14.0% during the 1st quarter. Swiss National Bank now owns 18,336,791 shares of the oil and gas company’s stock worth $1,514,436,000 after purchasing an additional 2,245,300 shares during the last quarter. 56.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on XOM. The Goldman Sachs Group boosted their price objective on shares of Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a report on Wednesday, June 8th. Truist Financial lowered their price objective on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating for the company in a research report on Tuesday, July 19th. Credit Suisse Group restated an “outperform” rating and issued a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, August 11th. Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Finally, Piper Sandler decreased their price objective on shares of Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating for the company in a research report on Monday, September 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $96.69.

Exxon Mobil Trading Down 1.7 %

Shares of Exxon Mobil stock opened at $93.21 on Monday. Exxon Mobil Co. has a 1 year low of $52.96 and a 1 year high of $105.57. The firm has a market cap of $388.47 billion, a PE ratio of 10.20, a PEG ratio of 0.31 and a beta of 1.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. The company has a 50 day simple moving average of $92.47 and a two-hundred day simple moving average of $89.62.

Exxon Mobil (NYSE:XOMGet Rating) last announced its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.74 by $0.40. The firm had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The business’s quarterly revenue was up 70.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 EPS. Analysts expect that Exxon Mobil Co. will post 12.69 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Thursday, August 11th. Exxon Mobil’s payout ratio is currently 38.51%.

Insider Buying and Selling at Exxon Mobil

In related news, Director Jeffrey W. Ubben acquired 960,000 shares of Exxon Mobil stock in a transaction on Thursday, August 4th. The shares were acquired at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the transaction, the director now owns 1,137,000 shares in the company, valued at $100,635,870. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the transaction, the vice president now directly owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey W. Ubben acquired 960,000 shares of Exxon Mobil stock in a transaction on Thursday, August 4th. The shares were bought at an average cost of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the transaction, the director now owns 1,137,000 shares in the company, valued at approximately $100,635,870. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Exxon Mobil Company Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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