Exxon Mobil Co. (NYSE:XOM) Shares Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 16.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,125 shares of the oil and gas company’s stock after acquiring an additional 13,792 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Exxon Mobil were worth $11,526,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Exxon Mobil by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock valued at $38,846,569,000 after acquiring an additional 1,269,495 shares during the period. Norges Bank acquired a new position in shares of Exxon Mobil during the 4th quarter worth approximately $5,519,753,000. Price T Rowe Associates Inc. MD raised its stake in shares of Exxon Mobil by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after buying an additional 2,676,652 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Exxon Mobil by 11.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock worth $4,640,756,000 after buying an additional 4,080,716 shares during the period. Finally, Capital International Investors raised its stake in shares of Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after buying an additional 5,523,429 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on XOM shares. UBS Group upped their target price on Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Barclays reduced their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Royal Bank of Canada reiterated a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. Finally, Truist Financial dropped their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $136.29.

Exxon Mobil Stock Down 1.0 %

Shares of NYSE:XOM opened at $109.70 on Thursday. 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 business has a fifty day moving average of $115.77 and a two-hundred day moving average of $114.96. The stock has a market cap of $432.55 billion, a P/E ratio of 13.44, a PEG ratio of 4.48 and a beta of 0.90. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last released its quarterly 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. The business had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.94 EPS. On average, research analysts expect that Exxon Mobil Co. will post 8.37 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 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.