Register Financial Advisors LLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Register Financial Advisors LLC boosted its position in Exxon Mobil Co. (NYSE:XOM) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,921 shares of the oil and gas company’s stock after purchasing an additional 191 shares during the quarter. Register Financial Advisors LLC’s holdings in Exxon Mobil were worth $688,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake 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 worth $38,846,569,000 after buying an additional 1,269,495 shares in the last quarter. Norges Bank acquired a new position in shares of Exxon Mobil during the 4th quarter worth approximately $5,519,753,000. Morgan Stanley grew its position in shares of Exxon Mobil by 2.0% in the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock valued at $6,329,099,000 after purchasing an additional 1,066,937 shares in the last quarter. Capital International Investors increased its holdings in shares of Exxon Mobil by 22.8% in the fourth 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 purchasing an additional 4,084,458 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in Exxon Mobil by 6.0% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.2 %

XOM opened at $115.11 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. 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 $453.88 billion, a P/E ratio of 14.11, a PEG ratio of 4.13 and a beta of 0.92. The business’s 50-day simple moving average is $115.25 and its 200-day simple moving average is $109.57.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 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 down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.83 earnings per share. As a group, equities research analysts expect that Exxon Mobil Co. will post 9.28 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors 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 yield of 3.30%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analysts Set New Price Targets

XOM has been the subject of several analyst reports. Morgan Stanley restated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Truist Financial restated a “hold” rating and set a $124.00 price objective (down from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. UBS Group boosted their target price on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a report on Tuesday. 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. Finally, Barclays assumed coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $133.82.

Insider Activity at Exxon Mobil

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

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.