Braun Stacey Associates Inc. Purchases 13,635 Shares of Exxon Mobil Co. (NYSE:XOM)

Braun Stacey Associates Inc. raised its holdings in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 5.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 245,735 shares of the oil and gas company’s stock after buying an additional 13,635 shares during the period. Exxon Mobil comprises approximately 1.1% of Braun Stacey Associates Inc.’s portfolio, making the stock its 26th largest position. Braun Stacey Associates Inc.’s holdings in Exxon Mobil were worth $28,564,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Carmel Capital Partners LLC grew its position in Exxon Mobil by 1.0% during the 1st quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock worth $1,022,000 after acquiring an additional 86 shares during the last quarter. PFS Partners LLC boosted its stake in shares of Exxon Mobil by 0.5% during the first quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock valued at $2,190,000 after purchasing an additional 89 shares during the period. Bay Rivers Group grew its holdings in shares of Exxon Mobil by 2.5% in the first quarter. Bay Rivers Group now owns 3,747 shares of the oil and gas company’s stock worth $436,000 after purchasing an additional 90 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of Exxon Mobil by 0.8% in the first quarter. Lindbrook Capital LLC now owns 11,205 shares of the oil and gas company’s stock worth $1,302,000 after buying an additional 93 shares during the period. Finally, Auxier Asset Management raised its holdings in Exxon Mobil by 0.8% during the 3rd quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock valued at $1,524,000 after buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of a number of analyst reports. TD Cowen boosted their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Barclays started coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Wells Fargo & Company increased their price objective on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $124.00 price target (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $133.82.

Check Out Our Latest Analysis on XOM

Exxon Mobil Price Performance

XOM stock opened at $113.37 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The firm has a market capitalization of $447.02 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 4.10 and a beta of 0.91. The firm has a 50 day moving average price of $114.65 and a 200-day moving average price of $110.11. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.83 EPS. Equities research analysts forecast that Exxon Mobil Co. will post 9.18 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.35%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Company Profile

(Free Report)

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.

See Also

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

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