5,627 Shares in Exxon Mobil Co. (NYSE:XOM) Bought by Brightwater Advisory LLC

Brightwater Advisory LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,627 shares of the oil and gas company’s stock, valued at approximately $648,000.

Other hedge funds have also bought and sold shares of the company. J. W. Coons Advisors LLC lifted its stake in Exxon Mobil by 0.5% in the fourth quarter. J. W. Coons Advisors LLC now owns 39,609 shares of the oil and gas company’s stock worth $3,960,000 after purchasing an additional 208 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Exxon Mobil by 0.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 549,549 shares of the oil and gas company’s stock worth $54,944,000 after buying an additional 3,608 shares during the period. First Trust Advisors LP lifted its stake in shares of Exxon Mobil by 25.8% during the 4th quarter. First Trust Advisors LP now owns 2,378,263 shares of the oil and gas company’s stock worth $237,779,000 after acquiring an additional 488,121 shares during the last quarter. Capital International Investors boosted its holdings in Exxon Mobil by 22.8% during the 4th quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock valued at $2,198,413,000 after acquiring an additional 4,084,458 shares during the period. Finally, Capital Research Global Investors grew its position in Exxon Mobil by 6.0% in the 4th quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock valued at $1,838,462,000 after acquiring an additional 1,037,226 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on XOM. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Truist Financial decreased their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday. Morgan Stanley dropped their target price on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, Mizuho boosted their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $134.75.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $119.97 on Wednesday. The firm has a market cap of $473.04 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 4.86 and a beta of 0.90. The company’s 50 day moving average is $115.93 and its 200 day moving average is $115.81. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) 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 net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $1.94 earnings per share. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 8.06 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.17%. Exxon Mobil’s dividend payout ratio (DPR) is 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.