Concorde Asset Management LLC Has $692,000 Holdings in Exxon Mobil Co. (NYSE:XOM)

Concorde Asset Management LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,012 shares of the oil and gas company’s stock after buying an additional 387 shares during the quarter. Concorde Asset Management LLC’s holdings in Exxon Mobil were worth $692,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of XOM. Massachusetts Financial Services Co. MA lifted its holdings in shares of Exxon Mobil by 532.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after buying an additional 14,158,054 shares during the last quarter. Global Assets Advisory LLC increased its position in shares of Exxon Mobil by 16,399.4% during the first quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock valued at $1,466,589,000 after purchasing an additional 12,540,435 shares during the period. Fisher Asset Management LLC increased its position in shares of Exxon Mobil by 565.3% during the fourth quarter. Fisher Asset Management LLC now owns 13,180,807 shares of the oil and gas company’s stock valued at $1,317,817,000 after purchasing an additional 11,199,696 shares during the period. Primecap Management Co. CA bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $980,210,000. Finally, Capital International Investors increased its position in shares of Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on XOM. Mizuho boosted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday. Morgan Stanley lowered their price objective on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday. Barclays lowered their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Truist Financial dropped their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. 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 stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $135.76.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $116.02 on Friday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The firm has a market cap of $457.47 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The business has a fifty day moving average of $115.84 and a 200-day moving average of $115.25.

Exxon Mobil (NYSE:XOM) last announced its earnings results 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. 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 during the quarter, compared to analyst estimates of $90.09 billion. During the same period last year, the company posted $1.94 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.28%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is 46.57%.

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.