Clearstead Trust LLC Boosts Stake in Exxon Mobil Co. (NYSE:XOM)

Clearstead Trust LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 17.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,063 shares of the oil and gas company’s stock after acquiring an additional 5,162 shares during the period. Exxon Mobil makes up 1.0% of Clearstead Trust LLC’s investment portfolio, making the stock its 22nd largest position. Clearstead Trust LLC’s holdings in Exxon Mobil were worth $4,036,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of XOM. FPC Investment Advisory Inc. purchased a new stake in Exxon Mobil during the first quarter valued at about $25,000. Anfield Capital Management LLC boosted its stake in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares in the last quarter. POM Investment Strategies LLC grew its position in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares during the last quarter. Lynx Investment Advisory purchased a new position in shares of Exxon Mobil during the second quarter worth approximately $47,000. Finally, Vima LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $50,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.3 %

XOM stock opened at $114.57 on Thursday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The company has a market capitalization of $451.75 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. The business’s 50 day moving average price is $115.78 and its two-hundred day moving average price is $115.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM) last released 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 firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the prior year, the firm earned $1.94 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Co. will post 8.36 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.32%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays reduced their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. UBS Group decreased their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday. Wolfe Research assumed coverage on Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price for the company. Truist Financial reduced their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Finally, Morgan Stanley lowered 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. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.