Shares of Exxon Mobil Co. (NYSE:XOM) bought by Wellington Shields & Co. IIC

Wellington Shields & Co. LLC grew its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 18.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,998 shares of the oil and gas company’s stock after acquiring an additional 9,915 shares during the period. Exxon Mobil accounts for 2.4% of Wellington Shields & Co’s portfolio. LLC, making the stock the sixth largest. Wellington Shields & Co. holdings. LLC’s holdings in Exxon Mobil were worth $7,252,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank purchased a new stake in Exxon Mobil in the 4th quarter valued at about $5,519,753,000. Global Assets Advisory LLC boosted its holdings in shares of Exxon Mobil by 16,399.4% in the first quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock valued at $1,466,589,000 after buying an additional 12,540,435 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Exxon Mobil by 565.3% in the fourth quarter. Fisher Asset Management LLC now owns 13,180,807 shares of the oil and gas company’s stock valued at $1,317,817,000 after purchasing an additional 11,199,696 shares during the last quarter. Capital International Investors grew its position in Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after purchasing an additional 5,523,429 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Exxon Mobil by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock worth $4,640,756,000 after purchasing an additional 4,080,716 shares in the last quarter. 61.80% of shares are owned by institutional investors and hedge funds.

Exxon Mobil price performance

Shares of XOM stock opened at $111.15 on Friday. 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 firm has a market cap of $438.27 billion, a PE ratio of 13.62, a P/E/G ratio of 4.38 and a beta of 0.90. The stock has a 50-day simple moving average of $115.66 and a 200-day simple moving average of $114.98. Exxon Mobil Co. it has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM – Get Your Free Report ) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. In the same quarter last year, the company earned $1.94 per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. Sell-side 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. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. This represents an annualized dividend of $3.80 and a dividend yield of 3.42%. The ex-dividend date was Thursday, August 15. Exxon Mobil’s dividend payout ratio is 46.57%.

Analyst upgrades and downgrades

Several equities research analysts recently commented on XOM shares. 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 note on Monday, July 22nd. Wells Fargo & Company dropped their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Wolfe Research began coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price on the stock. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Moderate Buy” and a consensus price target of $136.29, based on data from MarketBeat.

Check out our latest report on XOM

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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