Shares of Exxon Mobil Co. (NYSE:XOM) bought by Naples Global Advisors LLC

Naples Global Advisors LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,742 shares of the oil and gas company’s stock after purchasing an additional 1,261 shares during the quarter. Exxon Mobil makes up about 0.9% of Naples Global Advisors LLC’s portfolio, making the stock its 18th biggest holding. Naples Global Advisors LLC’s holdings in Exxon Mobil were worth $8,835,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in XOM. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil in the first quarter worth approximately $25,000. First Pacific Financial acquired a new position in Exxon Mobil in the first quarter worth approximately $34,000. Partnership Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $46,000. Lynx Investment Advisory purchased a new stake in shares of Exxon Mobil in the second quarter valued at approximately $47,000. Finally, Vima LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth about $50,000. 61.80% of shares are owned by hedge funds and other institutional investors.

The Wall Street analyst weighs in

A number of research firms recently issued reports on XOM. UBS Group upped their price target on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Truist Financial decreased their price objective 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. Sanford C. Bernstein cut their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, Wells Fargo & Company cut their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, 5 August. Eight 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 stock. Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $134.39, according to MarketBeat.com .

Check out the latest stock analysis on XOM

Exxon Mobil stock falls 0.5%

Shares of XOM stock opened at $118.17 on Friday. The firm has a market cap of $465.95 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.38, and a debt-to-equity ratio of 0.15. The company’s fifty day moving average is $114.69, and its two hundred day moving average is $113.39. Exxon Mobil Co. it has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

Exxon Mobil (NYSE:XOM – Get Your Free Report ) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The firm 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 16.75% and a net margin of 9.62%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. In the same quarter last year, the company earned $1.94 per share. Analysts estimate that Exxon Mobil Co. will record 8.65 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be paid a dividend of $0.95 per share. This represents a dividend of $3.80 on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, August 15. Exxon Mobil’s dividend payout ratio (DPR) is currently 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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