13,634 Shares in Exxon Mobil Co. (NYSE:XOM) Acquired by Trust Investment Advisors

Trust Investment Advisors acquired a new stake in Exxon Mobil Co. (NYSE:XOM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 13,634 shares of the oil and gas company’s stock, valued at approximately $1,570,000. Exxon Mobil comprises 1.0% of Trust Investment Advisors’ holdings, making the stock its 29th biggest position.

Several other large investors have also modified their holdings of XOM. Ieq Capital LLC increased its stake in Exxon Mobil by 27.2% in the second quarter. Ieq Capital LLC now owns 181,505 shares of the oil and gas company’s stock valued at $20,895,000 after purchasing an additional 38,778 shares during the period. Brighton Jones LLC grew its holdings in shares of Exxon Mobil by 1.3% during the second quarter. Brighton Jones LLC now owns 148,316 shares of the oil and gas company’s stock worth $17,074,000 after buying an additional 1,935 shares during the last quarter. Cowa LLC increased its position in Exxon Mobil by 23.7% in the 2nd quarter. Cowa LLC now owns 8,159 shares of the oil and gas company’s stock valued at $939,000 after acquiring an additional 1,564 shares during the period. ProVise Management Group LLC raised its stake in Exxon Mobil by 7.3% during the 2nd quarter. ProVise Management Group LLC now owns 146,169 shares of the oil and gas company’s stock valued at $16,827,000 after acquiring an additional 9,990 shares during the last quarter. Finally, Resolute Capital Asset Partners LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth approximately $5,756,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent research reports. Barclays dropped 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. Truist Financial cut 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. Royal Bank of Canada restated a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 9th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Morgan Stanley reduced their price objective on shares of 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.76.

Exxon Mobil Stock Performance

XOM opened at $116.02 on Friday. The stock’s 50 day simple moving average is $115.84 and its 200 day simple moving average is $115.25. The stock has a market cap of $457.47 billion, a P/E ratio of 14.22, a P/E/G 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 company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

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

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.

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.