Exxon Mobil Co. (NYSE:XOM) Stock Position Lifted by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 270,736 shares of the oil and gas company’s stock after purchasing an additional 484 shares during the quarter. Exxon Mobil accounts for approximately 1.1% of Farmers & Merchants Investments Inc.’s holdings, making the stock its 18th largest position. Farmers & Merchants Investments Inc.’s holdings in Exxon Mobil were worth $31,470,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on XOM. UBS Group upped their price objective on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Piper Sandler upped their target price on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Scotiabank upped their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Barclays began coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. Finally, TD Cowen upped their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $133.82.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $114.81 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The stock’s 50-day moving average is $115.00 and its two-hundred day moving average is $109.91. The firm has a market cap of $452.70 billion, a P/E ratio of 14.06, 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 company had revenue of $83.08 billion for 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%. The business’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.83 EPS. Analysts predict that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of the 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 transaction, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.03% of the stock is currently owned by insiders.

About Exxon Mobil

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.