Bourgeon Capital Management LLC Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Bourgeon Capital Management LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 7.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 19,422 shares of the oil and gas company’s stock after acquiring an additional 1,277 shares during the period. Bourgeon Capital Management LLC’s holdings in Exxon Mobil were worth $2,258,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of XOM. WealthPlan Investment Management LLC lifted its stake in shares of Exxon Mobil by 8,150.6% during the 3rd quarter. WealthPlan Investment Management LLC now owns 13,861 shares of the oil and gas company’s stock worth $1,630,000 after acquiring an additional 13,693 shares during the last quarter. Townsquare Capital LLC lifted its stake in shares of Exxon Mobil by 4.9% during the 3rd quarter. Townsquare Capital LLC now owns 138,270 shares of the oil and gas company’s stock worth $16,258,000 after acquiring an additional 6,483 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Exxon Mobil by 1.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 209,826 shares of the oil and gas company’s stock worth $24,671,000 after acquiring an additional 3,276 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its stake in shares of Exxon Mobil by 1.1% during the 3rd quarter. Stonebridge Capital Advisors LLC now owns 128,838 shares of the oil and gas company’s stock worth $15,149,000 after acquiring an additional 1,373 shares during the last quarter. Finally, Essex Financial Services Inc. lifted its stake in shares of Exxon Mobil by 0.4% during the 3rd quarter. Essex Financial Services Inc. now owns 110,348 shares of the oil and gas company’s stock worth $12,975,000 after acquiring an additional 464 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 0.5 %

Shares of XOM stock opened at $114.76 on Friday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The stock’s fifty day moving average price is $114.88 and its 200 day moving average price is $109.95. 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 company has a market cap of $452.50 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 4.15 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its earnings results 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). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter last year, the firm earned $2.83 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Co. will post 9.23 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a dividend of $0.95 per share. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.31%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Truist Financial reaffirmed 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. HSBC lifted their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Mizuho lifted their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Wells Fargo & Company lifted their target price on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Finally, Barclays assumed coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.82.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’s 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 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 the SEC website. 0.03% of the stock is owned by company 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.