D.B. Root & Company LLC Grows Position in Exxon Mobil Co. (NYSE:XOM)

D.B. Root & Company LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,772 shares of the oil and gas company’s stock after acquiring an additional 1,276 shares during the period. Exxon Mobil makes up 0.9% of D.B. Root & Company LLC’s investment portfolio, making the stock its 21st largest position. D.B. Root & Company LLC’s holdings in Exxon Mobil were worth $2,647,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evergreen Capital Management LLC grew its position in Exxon Mobil by 1.3% during the 3rd quarter. Evergreen Capital Management LLC now owns 50,052 shares of the oil and gas company’s stock worth $5,885,000 after acquiring an additional 636 shares during the last quarter. Elevatus Welath Management grew its position in Exxon Mobil by 10.0% during the 3rd quarter. Elevatus Welath Management now owns 7,112 shares of the oil and gas company’s stock worth $836,000 after acquiring an additional 649 shares during the last quarter. Legacy Advisors LLC grew its position in Exxon Mobil by 49.1% during the 3rd quarter. Legacy Advisors LLC now owns 18,969 shares of the oil and gas company’s stock worth $2,230,000 after acquiring an additional 6,245 shares during the last quarter. Laurel Wealth Advisors LLC lifted its holdings in Exxon Mobil by 2.2% in the 3rd quarter. Laurel Wealth Advisors LLC now owns 24,881 shares of the oil and gas company’s stock worth $2,925,000 after buying an additional 525 shares during the period. Finally, LaSalle St. Investment Advisors LLC lifted its holdings in Exxon Mobil by 28.8% in the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 45,080 shares of the oil and gas company’s stock worth $5,300,000 after buying an additional 10,080 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’s 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 completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on XOM. TD Cowen increased their price objective on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Morgan Stanley restated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. HSBC raised their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. UBS Group raised their target price on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, Scotiabank raised their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $133.82.

Exxon Mobil Stock Down 0.1 %

Exxon Mobil stock opened at $114.96 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The firm has a market cap of $453.29 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 4.14 and a beta of 0.91. The stock has a fifty day simple moving average of $115.25 and a two-hundred day simple moving average of $109.72.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the previous year, the firm earned $2.83 EPS. The business’s revenue was down 4.0% on a year-over-year basis. Equities analysts predict that Exxon Mobil Co. will post 9.28 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 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.