Main Line Retirement Advisors LLC Buys New Stake in Exxon Mobil Co. (NYSE:XOM)

Main Line Retirement Advisors LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,463 shares of the oil and gas company’s stock, valued at approximately $984,000. Exxon Mobil accounts for about 0.8% of Main Line Retirement Advisors LLC’s portfolio, making the stock its 18th largest holding.

Several other hedge funds have also recently modified their holdings of XOM. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $46,000. Vima LLC purchased a new position in Exxon Mobil during the 4th quarter worth $50,000. Orion Capital Management LLC purchased a new stake in shares of Exxon Mobil in the third quarter valued at about $91,000. Keener Financial Planning LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $80,000. Finally, Neo Ivy Capital Management purchased a new stake in Exxon Mobil during the fourth quarter worth about $80,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

NYSE XOM opened at $114.18 on Wednesday. The business has a 50 day simple moving average of $115.14 and a 200 day simple moving average of $109.82. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week 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 stock has a market cap of $450.21 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 4.14 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released 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 net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period in the previous year, the company posted $2.83 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on XOM. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Piper Sandler upped their price objective 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. 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. 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. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.82.

Insider Buying and Selling

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 directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is owned by company insiders.

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.