Princeton Capital Management LLC Purchases 182 Shares of Exxon Mobil Co. (NYSE:XOM)

Princeton Capital Management LLC boosted its position in Exxon Mobil Co. (NYSE:XOM) by 8.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,304 shares of the oil and gas company’s stock after purchasing an additional 182 shares during the quarter. Princeton Capital Management LLC’s holdings in Exxon Mobil were worth $265,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in Exxon Mobil by 3.2% in the 4th quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock valued at $4,918,000 after acquiring an additional 1,539 shares in the last quarter. Gilbert & Cook Inc. raised its holdings in Exxon Mobil by 2.2% in the 4th quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock valued at $2,547,000 after acquiring an additional 545 shares in the last quarter. Aveo Capital Partners LLC raised its holdings in Exxon Mobil by 5.0% in the 4th quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock valued at $2,053,000 after acquiring an additional 984 shares in the last quarter. Gryphon Financial Partners LLC raised its holdings in Exxon Mobil by 42.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock valued at $1,827,000 after acquiring an additional 5,565 shares in the last quarter. Finally, Darwin Wealth Management LLC raised its holdings in Exxon Mobil by 2.8% in the 4th quarter. Darwin Wealth Management LLC now owns 3,775 shares of the oil and gas company’s stock valued at $377,000 after acquiring an additional 104 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Sanford C. Bernstein lowered their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Truist Financial lowered their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Wolfe Research assumed coverage on Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target for the company. Finally, Morgan Stanley reissued an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $136.29.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $113.19 on Friday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The firm has a fifty day simple moving average of $115.99 and a 200 day simple moving average of $114.66. The company has a market capitalization of $446.31 billion, a PE ratio of 13.87, a P/E/G ratio of 4.70 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping 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 business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter last year, the firm earned $1.94 earnings per share. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts forecast that Exxon Mobil Co. will post 8.37 EPS for the current year.

Exxon Mobil Dividend Announcement

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 paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.36%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

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.