Leonard Rickey Investment Advisors P.L.L.C. Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Leonard Rickey Investment Advisors P.L.L.C. boosted its position in Exxon Mobil Co. (NYSE:XOM) by 9.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,141 shares of the oil and gas company’s stock after acquiring an additional 770 shares during the period. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Exxon Mobil were worth $1,063,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in XOM. Cullinan Associates Inc. lifted its holdings in shares of Exxon Mobil by 33.9% during the 1st quarter. Cullinan Associates Inc. now owns 293,425 shares of the oil and gas company’s stock valued at $34,108,000 after acquiring an additional 74,207 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its holdings in shares of Exxon Mobil by 59.3% during the 1st quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 96,268 shares of the oil and gas company’s stock valued at $11,190,000 after acquiring an additional 35,855 shares in the last quarter. Main Line Retirement Advisors LLC acquired a new position in shares of Exxon Mobil during the 1st quarter valued at $984,000. Eagle Capital Management LLC acquired a new position in shares of Exxon Mobil during the 1st quarter valued at $273,000. Finally, AlphaMark Advisors LLC lifted its holdings in Exxon Mobil by 91.5% in the 1st quarter. AlphaMark Advisors LLC now owns 1,088 shares of the oil and gas company’s stock worth $126,000 after buying an additional 520 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.6 %

XOM stock opened at $114.81 on Thursday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company’s 50 day simple moving average is $115.00 and its 200-day simple moving average is $109.91. 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 firm has a market capitalization of $452.70 billion, a P/E ratio of 14.07, a P/E/G 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 earnings per share 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 analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.83 EPS. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 9.28 EPS for the current year.

Exxon Mobil Announces Dividend

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

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. Barclays initiated coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective on the stock. HSBC boosted their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Truist Financial reaffirmed a “hold” rating and set a $124.00 price objective (down previously from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Finally, TD Cowen upped their target price 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. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $133.82.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were 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 approximately $3,018,450.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

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.