Old Port Advisors buys 110 shares of Exxon Mobil Co. (NYSE:XOM)

Old Port Advisors increased its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,071 shares of the oil and gas company’s stock after purchasing an additional 110 shares during the period. Old Port Advisors’ holdings in Exxon Mobil were worth $1,159,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the first quarter worth approximately $25,000. First Pacific Financial bought a new stake in Exxon Mobil in the first quarter valued at about $34,000. Partnership Wealth Management LLC bought a new stake in Exxon Mobil in the 4th quarter valued at about $46,000. Lynx Investment Advisory acquired a new position in Exxon Mobil in the second quarter valued at approximately $47,000. Finally, Vima LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $50,000. Institutional investors hold 61.80% of the company’s shares.

Exxon Mobil price performance

Shares of XOM stock opened at $118.17 on Friday. The company’s 50-day moving average is $114.69, and its 200-day moving average is $113.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38, and a quick ratio of 1.06. The firm has a market cap of $465.95 billion, a PE ratio of 14.48, a PEG ratio of 4.51 and a beta of 0.91. 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 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 9.62% and a return on equity of 16.75%. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same period in the previous year, the firm earned $1.94 EPS. The company’s revenue increased by 12.2% year-on-year. Stock analysts predict that Exxon Mobil Co. will record 8.65 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, August 15. This represents an annualized dividend of $3.80 and a yield of 3.22%. Exxon Mobil’s payout ratio is currently 46.57%.

Analyst upgrades and downgrades

A number of brokerages have recently commented on XOM. Mizuho boosted their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. UBS Group boosted their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Wolfe Research initiated coverage on Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target for the company. 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. Finally, Wells Fargo & Company decreased their price objective on 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 investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Moderate Buy” and a consensus price target of $134.39, according to MarketBeat.

Check out our latest report on XOM

Exxon Mobil Profile

(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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