Ferguson Wellman Capital Management Inc. Grows Position in Exxon Mobil Co. (NYSE:XOM)

Ferguson Wellman Capital Management Inc. boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 78.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,094 shares of the oil and gas company’s stock after purchasing an additional 49,156 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Exxon Mobil were worth $13,030,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of XOM. Partnership Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $46,000. Vima LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth $50,000. Keener Financial Planning LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth $80,000. Neo Ivy Capital Management acquired a new position in shares of Exxon Mobil during the fourth quarter worth $80,000. Finally, Orion Capital Management LLC acquired a new position in shares of Exxon Mobil during the third quarter worth $91,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

XOM stock opened at $111.75 on Friday. The company has a market capitalization of $440.63 billion, a P/E ratio of 13.69, a PEG ratio of 3.90 and a beta of 0.92. The company has a 50-day simple moving average of $115.89 and a 200 day simple moving average of $108.98. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. 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 (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period in the previous year, the company earned $2.83 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Co. will post 9.36 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on XOM. Mizuho boosted their target price 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. Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Piper Sandler upped their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Barclays initiated coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target on the stock. Finally, Wells Fargo & Company upped their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $133.71.

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.