Berry Wealth Group LP Acquires 703 Shares of Exxon Mobil Co. (NYSE:XOM)

Berry Wealth Group LP lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 6.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,194 shares of the oil and gas company’s stock after buying an additional 703 shares during the period. Exxon Mobil comprises 1.0% of Berry Wealth Group LP’s holdings, making the stock its 26th largest holding. Berry Wealth Group LP’s holdings in Exxon Mobil were worth $1,289,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. FPC Investment Advisory Inc. bought a new position in Exxon Mobil during the 1st quarter valued at about $25,000. First Pacific Financial bought a new position in Exxon Mobil during the 1st quarter valued at about $34,000. Anfield Capital Management LLC grew its holdings in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the last quarter. POM Investment Strategies LLC grew its holdings in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the last quarter. Finally, Lynx Investment Advisory bought a new position in Exxon Mobil during the 2nd quarter valued at about $47,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XOM. Royal Bank of Canada reiterated a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Mizuho upped their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Truist Financial dropped their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Finally, Wolfe Research began coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.29.

Exxon Mobil Trading Down 2.1 %

NYSE:XOM opened at $115.50 on Wednesday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The firm has a 50 day moving average of $116.03 and a 200 day moving average of $114.68. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $455.42 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 4.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the prior year, the company posted $1.94 earnings per share. Exxon Mobil’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 8.37 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.29%. Exxon Mobil’s dividend 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.