Commonwealth Retirement Investments LLC Acquires 4,063 Shares of Exxon Mobil Co. (NYSE:XOM)

Commonwealth Retirement Investments LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,132 shares of the oil and gas company’s stock after purchasing an additional 4,063 shares during the quarter. Exxon Mobil accounts for about 4.0% of Commonwealth Retirement Investments LLC’s portfolio, making the stock its 5th biggest position. Commonwealth Retirement Investments LLC’s holdings in Exxon Mobil were worth $8,385,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of XOM. Vanguard Group Inc. raised its holdings in shares of Exxon Mobil by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock valued at $38,846,569,000 after purchasing an additional 1,269,495 shares during the last quarter. Norges Bank acquired a new stake in Exxon Mobil in the 4th quarter valued at $5,519,753,000. Capital International Investors lifted its position in Exxon Mobil by 22.8% during the 4th quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock worth $2,198,413,000 after buying an additional 4,084,458 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Exxon Mobil by 6.0% during the 4th quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock worth $1,838,462,000 after buying an additional 1,037,226 shares during the last quarter. Finally, Putnam Investments LLC grew its holdings in shares of Exxon Mobil by 16.7% in the 4th quarter. Putnam Investments LLC now owns 13,301,039 shares of the oil and gas company’s stock valued at $1,329,838,000 after acquiring an additional 1,901,075 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on XOM shares. Mizuho upped their target price on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Scotiabank upped their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Barclays dropped their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Truist Financial reissued a “hold” rating and issued a $124.00 price objective (down previously from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.41.

Exxon Mobil Stock Performance

NYSE XOM traded up $1.01 on Thursday, reaching $112.93. The stock had a trading volume of 6,524,897 shares, compared to its average volume of 17,914,240. 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 fifty day moving average of $114.28 and a two-hundred day moving average of $110.32. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a market cap of $445.28 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 4.07 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period in the prior year, the company earned $2.83 earnings per share. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Co. will post 9.18 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.36%. Exxon Mobil’s payout ratio is 46.57%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

About Exxon Mobil

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