Mosaic Family Wealth Partners LLC Purchases 1,178 Shares of Exxon Mobil Co. (NYSE:XOM)

Mosaic Family Wealth Partners LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 34.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,549 shares of the oil and gas company’s stock after acquiring an additional 1,178 shares during the period. Mosaic Family Wealth Partners LLC’s holdings in Exxon Mobil were worth $529,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new stake in Exxon Mobil during the first quarter worth about $25,000. First Pacific Financial bought a new stake in Exxon Mobil during the first quarter worth about $34,000. Partnership Wealth Management LLC bought a new stake in Exxon Mobil during the fourth quarter worth about $46,000. Vima LLC bought a new stake in Exxon Mobil during the fourth quarter worth about $50,000. Finally, ESL Trust Services LLC bought a new stake in Exxon Mobil during the first quarter worth about $76,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Sanford C. Bernstein decreased their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Barclays decreased 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 note on Tuesday, July 9th. Piper Sandler increased their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Wells Fargo & Company increased their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Finally, TD Cowen increased their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.78.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded down $0.07 during midday trading on Friday, hitting $116.88. The stock had a trading volume of 20,403,773 shares, compared to its average volume of 12,998,848. The company’s 50-day moving average price is $114.02 and its 200-day moving average price is $112.17. The company has a market capitalization of $460.86 billion, a P/E ratio of 14.32, 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. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.94 EPS. As a group, equities research analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s payout ratio is presently 46.57%.

Exxon Mobil Company Profile

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.