Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 938.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 268,833 shares of the oil and gas company’s stock after acquiring an additional 242,953 shares during the period. Exxon Mobil accounts for approximately 1.4% of Franklin Street Advisors Inc. NC’s investment portfolio, making the stock its 25th biggest holding. Franklin Street Advisors Inc. NC’s holdings in Exxon Mobil were worth $15,009,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Monterey Private Wealth Inc. acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at about $691,000. Perigon Wealth Management LLC grew its position in shares of Exxon Mobil by 16.1% during the 4th quarter. Perigon Wealth Management LLC now owns 42,405 shares of the oil and gas company’s stock valued at $1,748,000 after acquiring an additional 5,885 shares during the period. SevenBridge Financial Group LLC grew its position in shares of Exxon Mobil by 48.2% during the 4th quarter. SevenBridge Financial Group LLC now owns 28,536 shares of the oil and gas company’s stock valued at $1,176,000 after acquiring an additional 9,281 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in shares of Exxon Mobil by 3.6% during the 1st quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 62,522 shares of the oil and gas company’s stock valued at $3,491,000 after acquiring an additional 2,156 shares during the period. Finally, HighMark Wealth Management LLC grew its position in shares of Exxon Mobil by 34.3% during the 4th quarter. HighMark Wealth Management LLC now owns 4,156 shares of the oil and gas company’s stock valued at $171,000 after acquiring an additional 1,061 shares during the period. 50.90% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil stock opened at $60.26 on Friday. The stock has a market cap of $255.11 billion, a P/E ratio of 35.30 and a beta of 1.31. The company has a fifty day simple moving average of $57.51 and a 200-day simple moving average of $48.74. Exxon Mobil Co. has a 12-month low of $31.11 and a 12-month high of $64.02. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.25.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Thursday, April 29th. The oil and gas company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The firm had revenue of $59.15 billion during the quarter, compared to analysts’ expectations of $55.36 billion. During the same period in the previous year, the company earned ($0.14) earnings per share. Exxon Mobil’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Exxon Mobil Co. will post -0.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Stockholders of record on Thursday, May 13th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Wednesday, May 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.77%. Exxon Mobil’s payout ratio is 154.67%.

In other Exxon Mobil news, Director Michael J. Angelakis bought 25,000 shares of Exxon Mobil stock in a transaction dated Monday, March 1st. The stock was acquired at an average cost of $57.16 per share, with a total value of $1,429,000.00. Following the completion of the acquisition, the director now owns 8,000 shares of the company’s stock, valued at $457,280. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.05% of the stock is currently owned by corporate insiders.

A number of brokerages recently weighed in on XOM. Truist raised their price target on shares of Exxon Mobil from $60.00 to $64.00 in a research note on Monday, May 3rd. Raymond James raised shares of Exxon Mobil from an “underperform” rating to a “market perform” rating in a research note on Tuesday, April 20th. Jefferies Financial Group reissued a “neutral” rating and issued a $55.00 target price on shares of Exxon Mobil in a research note on Friday, April 30th. Exane BNP Paribas raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $45.50 target price on the stock in a research note on Monday, February 8th. Finally, Wells Fargo & Company raised their target price on shares of Exxon Mobil from $53.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $56.15.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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