Hilltop Partners LLC Has $2.83 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Hilltop Partners LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,554 shares of the oil and gas company’s stock after buying an additional 1,509 shares during the quarter. Exxon Mobil comprises approximately 1.0% of Hilltop Partners LLC’s investment portfolio, making the stock its 16th biggest holding. Hilltop Partners LLC’s holdings in Exxon Mobil were worth $2,827,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of XOM. Carmel Capital Partners LLC raised its position in shares of 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 valued at $1,022,000 after acquiring an additional 86 shares during the last quarter. Integral Investment Advisors Inc. grew its stake in shares of Exxon Mobil by 2.1% during the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after purchasing an additional 87 shares during the period. PFS Partners LLC increased its holdings in Exxon Mobil by 0.5% in 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 last quarter. WPWealth LLP lifted its stake in Exxon Mobil by 1.0% in the first quarter. WPWealth LLP now owns 8,701 shares of the oil and gas company’s stock valued at $1,011,000 after buying an additional 90 shares during the period. Finally, Focused Wealth Management Inc boosted its holdings in Exxon Mobil by 0.4% during the second quarter. Focused Wealth Management Inc now owns 24,828 shares of the oil and gas company’s stock worth $2,858,000 after buying an additional 90 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of XOM opened at $114.05 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The stock has a market capitalization of $449.70 billion, a P/E ratio of 13.98, a P/E/G ratio of 4.70 and a beta of 0.91. The company has a 50 day moving average of $116.02 and a 200-day moving average of $114.67.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter last year, the firm earned $1.94 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities research analysts forecast that Exxon Mobil Co. will post 8.37 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.33%. Exxon Mobil’s payout ratio is presently 46.57%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Truist Financial cut their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Barclays decreased 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. Finally, Mizuho boosted their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $136.29.

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.