Bridges Investment Management Inc. Purchases 18,156 Shares of Exxon Mobil Co. (NYSE:XOM)

Bridges Investment Management Inc. lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 29.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,812 shares of the oil and gas company’s stock after buying an additional 18,156 shares during the quarter. Bridges Investment Management Inc.’s holdings in Exxon Mobil were worth $9,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in XOM. Gilbert & Cook Inc. increased its position in Exxon Mobil by 2.2% in the fourth quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock worth $2,547,000 after purchasing an additional 545 shares during the period. Aveo Capital Partners LLC grew its stake in Exxon Mobil by 5.0% in the fourth 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 during the period. Gryphon Financial Partners LLC increased its stake in Exxon Mobil by 42.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock worth $1,827,000 after purchasing an additional 5,565 shares in the last quarter. BlackDiamond Wealth Management LLC raised its holdings in shares of Exxon Mobil by 17.8% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 2,525 shares of the oil and gas company’s stock worth $256,000 after acquiring an additional 382 shares during the period. Finally, AXS Investments LLC boosted its position in shares of Exxon Mobil by 8.0% during the fourth quarter. AXS Investments LLC now owns 2,444 shares of the oil and gas company’s stock worth $244,000 after buying an additional 180 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $115.27 on Friday. The business’s 50-day moving average price is $115.88 and its 200-day moving average price is $115.33. The firm has a market capitalization of $454.51 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 4.38 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a current ratio of 1.36, a quick ratio of 1.01 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 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 EPS. Equities research analysts forecast that Exxon Mobil Co. will post 8.36 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analyst Ratings Changes

Several brokerages have issued reports on XOM. Barclays lowered their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Wolfe Research began coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective on the stock. Sanford C. Bernstein lowered their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Finally, Truist Financial cut their target price 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 equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $135.76.

Exxon Mobil 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.