Mayfair Advisory Group LLC Increases Position in Exxon Mobil Co. (NYSE:XOM)

Mayfair Advisory Group LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,680 shares of the oil and gas company’s stock after purchasing an additional 233 shares during the quarter. Exxon Mobil makes up 1.8% of Mayfair Advisory Group LLC’s holdings, making the stock its 12th largest position. Mayfair Advisory Group LLC’s holdings in Exxon Mobil were worth $2,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in XOM. Evergreen Capital Management LLC raised its stake in shares of 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 in the last quarter. Elevatus Welath Management lifted its holdings in shares of 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 valued at $836,000 after purchasing an additional 649 shares during the last quarter. Legacy Advisors LLC boosted its position in shares of Exxon Mobil by 49.1% in the 3rd quarter. Legacy Advisors LLC now owns 18,969 shares of the oil and gas company’s stock worth $2,230,000 after purchasing an additional 6,245 shares in the last quarter. Laurel Wealth Advisors LLC grew its stake in Exxon Mobil by 2.2% during 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 last quarter. Finally, LaSalle St. Investment Advisors LLC increased its position in Exxon Mobil by 28.8% during the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 45,080 shares of the oil and gas company’s stock valued at $5,300,000 after buying an additional 10,080 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Down 0.1 %

Exxon Mobil stock opened at $114.96 on Tuesday. 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 stock has a market capitalization of $453.29 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 4.14 and a beta of 0.91. The business has a 50 day simple moving average of $115.25 and a 200-day simple moving average of $109.72. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOM) last issued 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 return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.83 EPS. On average, analysts anticipate that Exxon Mobil Co. will post 9.28 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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 yield of 3.31%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XOM. HSBC upped their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Barclays initiated 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 for the company. Wells Fargo & Company increased their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Truist Financial restated a “hold” rating and set a $124.00 target price (down from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Finally, Scotiabank increased their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $133.82.

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.