Enterprise Financial Services Corp Has $3.67 Million Stock Holdings in ExxonMobil Corporation $XOM

Enterprise Financial Services Corp grew its holdings in ExxonMobil Corporation (NYSE:XOM) by 30.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,652 shares of the oil and gas company’s stock after acquiring an additional 5,106 shares during the period. ExxonMobil accounts for approximately 1.9% of Enterprise Financial Services Corp’s holdings, making the stock its 11th largest position. Enterprise Financial Services Corp’s holdings in ExxonMobil were worth $3,673,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Smart Money Group LLC lifted its position in shares of ExxonMobil by 1.7% in the first quarter. Smart Money Group LLC now owns 10,031 shares of the oil and gas company’s stock worth $1,702,000 after buying an additional 163 shares during the last quarter. Frazier Financial Advisors LLC raised its stake in shares of ExxonMobil by 20.6% in the 1st quarter. Frazier Financial Advisors LLC now owns 2,208 shares of the oil and gas company’s stock valued at $375,000 after buying an additional 377 shares in the last quarter. Dahring Cusmano LLC bought a new position in shares of ExxonMobil during the 1st quarter worth about $278,000. Helium Advisors LLC raised its position in ExxonMobil by 20.2% in the 1st quarter. Helium Advisors LLC now owns 2,809 shares of the oil and gas company’s stock worth $476,000 after purchasing an additional 472 shares during the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new position in ExxonMobil during the 1st quarter worth $82,539,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Trading Up 0.8%

NYSE:XOM opened at $148.50 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 1-year low of $105.53 and a 1-year high of $176.41. The firm has a market capitalization of $615.50 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 0.61 and a beta of 0.17. The business’s 50-day moving average price is $145.76 and its two-hundred day moving average price is $146.68.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The business had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. ExxonMobil’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the company posted $1.76 EPS. On average, equities analysts expect that ExxonMobil Corporation will post 11.38 earnings per share for the current year.

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is currently 69.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. Piper Sandler cut their price target on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. BNP Paribas Exane set a $165.00 price target on ExxonMobil and gave the company a “neutral” rating in a report on Friday, April 17th. Barclays boosted their price objective on ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, TD Cowen reduced their target price on shares of ExxonMobil from $172.00 to $155.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.45.

ExxonMobil Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.