Fiduciary Alliance LLC Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Fiduciary Alliance LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,763 shares of the oil and gas company’s stock after buying an additional 134 shares during the quarter. Fiduciary Alliance LLC’s holdings in Exxon Mobil were worth $1,727,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in XOM. Evergreen Capital Management LLC boosted its stake in shares of Exxon Mobil by 1.3% in the third quarter. Evergreen Capital Management LLC now owns 50,052 shares of the oil and gas company’s stock valued at $5,885,000 after purchasing an additional 636 shares during the period. Elevatus Welath Management lifted its stake in Exxon Mobil by 10.0% in the third 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 lifted its stake in Exxon Mobil by 49.1% in the third 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 stake in Exxon Mobil by 2.2% in the third quarter. Laurel Wealth Advisors LLC now owns 24,881 shares of the oil and gas company’s stock worth $2,925,000 after acquiring an additional 525 shares during the last quarter. Finally, LaSalle St. Investment Advisors LLC lifted its stake in Exxon Mobil by 28.8% in the third quarter. LaSalle St. Investment Advisors LLC now owns 45,080 shares of the oil and gas company’s stock worth $5,300,000 after acquiring an additional 10,080 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil 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 transaction of $288,718.26. Following 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on XOM shares. Barclays started coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. Piper Sandler lifted their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. UBS Group raised their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Finally, Scotiabank raised their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $133.82.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $114.96 on Tuesday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. 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 company’s fifty day moving average is $115.25 and its two-hundred day moving average is $109.72. The firm has a market capitalization of $453.29 billion, a P/E ratio of 14.09, a PEG ratio of 4.14 and a beta of 0.91.

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 analysts’ consensus estimates of $2.19 by ($0.13). The business 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%. Exxon Mobil’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.83 earnings per share. Analysts forecast that Exxon Mobil Co. will post 9.28 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.31%. Exxon Mobil’s payout ratio is 46.57%.

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.