Linscomb Wealth Inc. has $48.11M position in Exxon Mobil Co. (NYSE:XOM)

Linscomb Wealth Inc. reduced its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 417,943 shares of the oil and gas company’s stock after selling 3,674 shares during the quarter. Exxon Mobil accounts for 2.5% of Linscomb Wealth Inc.’s portfolio, making the stock its 8th largest holding. Holdings held by Linscomb Wealth Inc. holdings in Exxon Mobil were worth $48,114,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil in the first quarter valued at about $25,000. Anfield Capital Management LLC lifted its position in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares during the period. POM Investment Strategies LLC raised its position in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after buying an additional 340 shares during the period. Lynx Investment Advisory bought a new position in Exxon Mobil in the second quarter valued at $47,000. Finally, Vima LLC bought a new position in Exxon Mobil in the fourth quarter valued at $50,000. 61.80% of shares are held by institutional investors.

Analysts on Wall Street are forecasting an increase

Several brokerages have recently commented on XOM. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Barclays cut their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Truist Financial cut their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Wells Fargo & Company cut their price target on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, UBS Group boosted their target price on Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.29, according to MarketBeat.com.

Read our latest research report on XOM

Exxon Mobil stock performance

Shares of NYSE:XOM opened at $111.15 on Friday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The firm has a market cap of $438.27 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01, and a current ratio of 1.36. The company has a fifty day moving average of $115.66 and a 200 day moving average of $114.98.

Exxon Mobil (NYSE:XOM – Get Your Free Report ) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. In the same quarter last year, the company earned $1.94 per share. On average, equities research analysts predict that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil announces dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a $0.95 dividend. This represents an annualized dividend of $3.80 and a yield of 3.42%. The ex-dividend date of this dividend was Thursday, August 15. Exxon Mobil’s dividend payout ratio is 46.57%.

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation is engaged in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through the Upstream, Energy Products, Chemicals and Specialty Products segments. The Upstream segment explores and produces crude oil and natural gas.

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