Fragasso Group Inc. Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Fragasso Group Inc. increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,801 shares of the oil and gas company’s stock after purchasing an additional 2,307 shares during the period. Exxon Mobil accounts for 0.7% of Fragasso Group Inc.’s holdings, making the stock its 20th biggest holding. Fragasso Group Inc.’s holdings in Exxon Mobil were worth $7,997,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Exxon Mobil by 0.3% during the 4th 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 buying an additional 1,269,495 shares during the period. Norges Bank purchased a new stake in Exxon Mobil during the 4th quarter valued at $5,519,753,000. Morgan Stanley raised its holdings in Exxon Mobil by 2.0% during the 3rd quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock valued at $6,329,099,000 after buying an additional 1,066,937 shares during the period. Capital International Investors raised its holdings 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 valued at $2,198,413,000 after buying an additional 4,084,458 shares during the period. Finally, Capital Research Global Investors raised its holdings in 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 valued at $1,838,462,000 after buying an additional 1,037,226 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on XOM. Piper Sandler increased their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. UBS Group increased their target price on Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. TD Cowen increased their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, Wells Fargo & Company increased their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $133.71.

Exxon Mobil Trading Down 0.9 %

XOM opened at $110.76 on Friday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a market cap of $436.73 billion, a P/E ratio of 13.57, a PEG ratio of 3.98 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The business’s 50-day simple moving average is $115.70 and its 200-day simple moving average is $109.10.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $2.83 earnings per share. As a group, equities research analysts expect that Exxon Mobil Co. will post 9.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders 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 yield of 3.43%. Exxon Mobil’s payout ratio is 46.57%.

Exxon Mobil 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.