SYSTM Wealth Solutions LLC Buys 2,110 Shares of Exxon Mobil Co. (NYSE:XOM)

SYSTM Wealth Solutions LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 48.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,462 shares of the oil and gas company’s stock after purchasing an additional 2,110 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Exxon Mobil were worth $744,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in XOM. Gilbert & Cook Inc. grew its stake in shares of 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 last quarter. Aveo Capital Partners LLC lifted 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 worth $2,053,000 after buying an additional 984 shares during the period. Gryphon Financial Partners LLC grew its position in shares of 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 worth $1,827,000 after buying an additional 5,565 shares during the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of Exxon Mobil by 18.9% during the fourth quarter. Hillsdale Investment Management Inc. now owns 2,522 shares of the oil and gas company’s stock valued at $252,000 after buying an additional 400 shares during the period. Finally, Quest Partners LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $915,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

XOM stock opened at $114.57 on Thursday. The stock’s 50 day simple moving average is $115.78 and its 200 day simple moving average is $115.25. 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 Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The stock has a market capitalization of $451.75 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same period last year, the firm posted $1.94 earnings per share. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. As a group, research 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 disclosed 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. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.32%. Exxon Mobil’s payout ratio is 46.57%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research analyst reports. Sanford C. Bernstein reduced their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. 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. Truist Financial lowered their price objective on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Barclays reduced their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Finally, UBS Group dropped their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday. Seven 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $135.76.

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.