Burk Holdings LLC Takes Position in Exxon Mobil Corporation $XOM

Burk Holdings LLC bought a new stake in Exxon Mobil Corporation (NYSE:XOM) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 3,958 shares of the oil and gas company’s stock, valued at approximately $427,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Linscomb Wealth Inc. raised its holdings in shares of Exxon Mobil by 1.4% in the second quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock valued at $42,017,000 after buying an additional 5,527 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Exxon Mobil by 52.3% during the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after buying an additional 131,600 shares during the last quarter. OneAscent Wealth Management LLC increased its position in Exxon Mobil by 116.7% in the 2nd quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock valued at $825,000 after acquiring an additional 4,123 shares during the period. Wealth Management Associates Inc. raised its stake in Exxon Mobil by 2.7% during the 1st quarter. Wealth Management Associates Inc. now owns 26,461 shares of the oil and gas company’s stock valued at $3,147,000 after acquiring an additional 691 shares during the last quarter. Finally, American Trust lifted its position in Exxon Mobil by 14.3% during the 1st quarter. American Trust now owns 4,766 shares of the oil and gas company’s stock worth $567,000 after acquiring an additional 596 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.1%

XOM stock opened at $117.08 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $114.69 and its 200 day moving average price is $111.13. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. The company has a market cap of $493.75 billion, a P/E ratio of 16.63, a P/E/G ratio of 2.06 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. On average, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s payout ratio is presently 59.88%.

Analyst Ratings Changes

XOM has been the topic of a number of recent research reports. Piper Sandler boosted their target price on Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a research note on Friday, October 17th. They set an “overweight” rating and a $156.00 price target on the stock. Melius initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. Finally, Melius Research assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.67.

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.