Boston Research & Management Inc. Acquires 1,181 Shares of Exxon Mobil Co. (NYSE:XOM)

Boston Research & Management Inc. raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,354 shares of the oil and gas company’s stock after buying an additional 1,181 shares during the period. Exxon Mobil comprises approximately 1.5% of Boston Research & Management Inc.’s investment portfolio, making the stock its 23rd biggest holding. Boston Research & Management Inc.’s holdings in Exxon Mobil were worth $5,911,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. FPC Investment Advisory Inc. bought a new position in Exxon Mobil during the first quarter worth $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter worth about $35,000. Anfield Capital Management LLC raised its holdings in Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the period. POM Investment Strategies LLC boosted its stake in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the period. Finally, Lynx Investment Advisory acquired a new position in Exxon Mobil in the 2nd quarter valued at $47,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $115.27 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $115.88 and a 200 day simple moving average of $115.33. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a market capitalization of $454.51 billion, a PE ratio of 14.13, a P/E/G ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 earnings per share. On average, sell-side analysts forecast that Exxon Mobil Co. will post 8.36 EPS for the current year.

Exxon Mobil Announces Dividend

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

Analysts Set New Price Targets

XOM has been the topic of several research reports. Mizuho upped their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Truist Financial cut their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Wells Fargo & Company dropped their price target on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. UBS Group decreased their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Sanford C. Bernstein cut their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Seven 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.