Financial Synergies Wealth Advisors Inc. Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Financial Synergies Wealth Advisors Inc. increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 106.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,979 shares of the oil and gas company’s stock after buying an additional 23,744 shares during the period. Exxon Mobil comprises 0.7% of Financial Synergies Wealth Advisors Inc.’s portfolio, making the stock its 21st largest holding. Financial Synergies Wealth Advisors Inc.’s holdings in Exxon Mobil were worth $5,345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Exxon Mobil by 2.8% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,657 shares of the oil and gas company’s stock valued at $1,136,000 after purchasing an additional 265 shares in the last quarter. Mather Group LLC. raised its position in shares of Exxon Mobil by 8.6% in the third quarter. Mather Group LLC. now owns 115,319 shares of the oil and gas company’s stock valued at $13,559,000 after buying an additional 9,109 shares during the last quarter. W Advisors LLC raised its position in shares of Exxon Mobil by 0.4% in the third quarter. W Advisors LLC now owns 35,106 shares of the oil and gas company’s stock valued at $4,128,000 after buying an additional 145 shares during the last quarter. Vinva Investment Management Ltd raised its position in shares of Exxon Mobil by 6.2% in the third quarter. Vinva Investment Management Ltd now owns 101,231 shares of the oil and gas company’s stock valued at $12,094,000 after buying an additional 5,885 shares during the last quarter. Finally, Samalin Investment Counsel LLC raised its position in shares of Exxon Mobil by 32.0% in the third quarter. Samalin Investment Counsel LLC now owns 9,793 shares of the oil and gas company’s stock valued at $1,151,000 after buying an additional 2,373 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 3.0 %

NYSE XOM opened at $114.05 on Tuesday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. 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 company has a market capitalization of $449.70 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 3.95 and a beta of 0.92. The company’s fifty day moving average price is $115.59 and its two-hundred day moving average price is $109.28.

Exxon Mobil (NYSE:XOM) last posted 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 company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter last year, the company earned $2.83 earnings per share. The company’s revenue was down 4.0% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Co. will post 9.36 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.33%. Exxon Mobil’s payout ratio is currently 46.57%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the firm’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 transaction, 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 legal filing with the SEC, which is available at this link. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. 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. TD Cowen upped their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. UBS Group upped their price target on shares of Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Mizuho upped their price target 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. Finally, Piper Sandler upped their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $133.71.

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.