West Oak Capital LLC Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

West Oak Capital LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,230 shares of the oil and gas company’s stock after purchasing an additional 280 shares during the period. West Oak Capital LLC’s holdings in Exxon Mobil were worth $1,887,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC lifted its holdings in shares of Exxon Mobil by 10.5% during the 1st quarter. Capital Advisors Ltd. LLC now owns 6,039 shares of the oil and gas company’s stock worth $702,000 after acquiring an additional 572 shares during the period. Woodmont Investment Counsel LLC lifted its holdings in shares of Exxon Mobil by 0.7% during the 1st quarter. Woodmont Investment Counsel LLC now owns 48,433 shares of the oil and gas company’s stock worth $5,630,000 after acquiring an additional 337 shares during the period. Financial Strategies Group Inc. lifted its holdings in shares of Exxon Mobil by 12.4% during the 1st quarter. Financial Strategies Group Inc. now owns 40,959 shares of the oil and gas company’s stock worth $4,963,000 after acquiring an additional 4,529 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. lifted its holdings in shares of Exxon Mobil by 9.2% during the 1st quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 9,141 shares of the oil and gas company’s stock worth $1,063,000 after acquiring an additional 770 shares during the period. Finally, 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 worth $34,108,000 after acquiring an additional 74,207 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

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 shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on XOM. Mizuho increased their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Scotiabank increased their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Truist Financial reissued a “hold” rating and set a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. HSBC increased 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. Finally, UBS Group increased their target price on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.82.

Exxon Mobil Stock Up 0.6 %

XOM stock opened at $114.81 on Thursday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $452.70 billion, a P/E ratio of 14.07, a PEG ratio of 4.14 and a beta of 0.91. The firm has a 50 day simple moving average of $115.00 and a 200-day simple moving average of $109.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period in the previous year, the business posted $2.83 EPS. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given 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 of this dividend was Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

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.