Frank Rimerman Advisors LLC Purchases 57,774 Shares of Exxon Mobil Co. (NYSE:XOM)

Frank Rimerman Advisors LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 36,565.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,932 shares of the oil and gas company’s stock after buying an additional 57,774 shares during the period. Exxon Mobil accounts for about 0.5% of Frank Rimerman Advisors LLC’s portfolio, making the stock its 27th largest holding. Frank Rimerman Advisors LLC’s holdings in Exxon Mobil were worth $6,669,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Prospector Partners LLC raised its stake in Exxon Mobil by 3,000.5% in the 2nd quarter. Prospector Partners LLC now owns 205,408 shares of the oil and gas company’s stock valued at $23,647,000 after acquiring an additional 198,783 shares during the period. Holderness Investments Co. raised its stake in Exxon Mobil by 0.7% in the 2nd quarter. Holderness Investments Co. now owns 44,985 shares of the oil and gas company’s stock worth $5,179,000 after purchasing an additional 332 shares in the last quarter. Kowal Investment Group LLC raised its position in shares of Exxon Mobil by 13.6% in the second quarter. Kowal Investment Group LLC now owns 13,825 shares of the oil and gas company’s stock valued at $1,592,000 after buying an additional 1,653 shares in the last quarter. Lavaca Capital LLC raised its holdings in Exxon Mobil by 244.4% in the 2nd quarter. Lavaca Capital LLC now owns 53,796 shares of the oil and gas company’s stock valued at $6,193,000 after acquiring an additional 38,176 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Exxon Mobil during the second quarter worth about $469,284,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $115.27 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The company has a market capitalization of $454.51 billion, a PE ratio of 14.13, a PEG ratio of 4.38 and a beta of 0.90. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The business has a fifty day moving average price of $115.88 and a 200-day moving average price of $115.40.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.94 earnings per share. As a group, equities analysts expect that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley dropped their price objective on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Mizuho lifted their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a report on Tuesday, July 9th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Truist Financial reduced their price objective on shares of 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.76.

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.