Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Mill Capital Management LLC

Mill Capital Management LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 60.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 368,643 shares of the oil and gas company’s stock after buying an additional 138,340 shares during the period. Exxon Mobil accounts for about 3.5% of Mill Capital Management LLC’s holdings, making the stock its 8th biggest holding. Mill Capital Management LLC’s holdings in Exxon Mobil were worth $42,438,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Carmel Capital Partners LLC grew its holdings 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 in the last quarter. Integral Investment Advisors Inc. grew its holdings in Exxon Mobil by 2.1% during the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after acquiring an additional 87 shares in the last quarter. PFS Partners LLC grew its holdings in Exxon Mobil by 0.5% during the 1st quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock worth $2,190,000 after acquiring an additional 89 shares in the last quarter. WPWealth LLP grew its holdings in Exxon Mobil by 1.0% during the 1st quarter. WPWealth LLP now owns 8,701 shares of the oil and gas company’s stock worth $1,011,000 after acquiring an additional 90 shares in the last quarter. Finally, Focused Wealth Management Inc grew its holdings in Exxon Mobil by 0.4% during the 2nd quarter. Focused Wealth Management Inc now owns 24,828 shares of the oil and gas company’s stock worth $2,858,000 after acquiring an additional 90 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on XOM. Barclays lowered their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Mizuho boosted their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Truist Financial reduced their price objective on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. UBS Group boosted their price objective on shares of Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.29.

Exxon Mobil Stock Down 2.1 %

Shares of Exxon Mobil stock opened at $115.50 on Wednesday. The company has a market cap of $455.42 billion, a P/E ratio of 14.15, a PEG ratio of 4.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The firm has a fifty day moving average of $116.03 and a two-hundred day moving average of $114.68.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.94 EPS. On average, analysts forecast that Exxon Mobil Co. will post 8.37 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.29%. Exxon Mobil’s payout ratio is currently 46.57%.

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.