Exxon Mobil Co. (NYSE:XOM) is Buckley Wealth Management LLC’s 8th Largest Position

Buckley Wealth Management LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 11.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,786 shares of the oil and gas company’s stock after acquiring an additional 10,354 shares during the period. Exxon Mobil accounts for approximately 3.9% of Buckley Wealth Management LLC’s holdings, making the stock its 8th biggest holding. Buckley Wealth Management LLC’s holdings in Exxon Mobil were worth $12,064,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Exxon Mobil by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock worth $38,846,569,000 after purchasing an additional 1,269,495 shares during the last quarter. Norges Bank bought a new stake in Exxon Mobil in the fourth quarter worth about $5,519,753,000. Morgan Stanley lifted its stake in Exxon Mobil by 2.0% in the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock worth $6,329,099,000 after purchasing an additional 1,066,937 shares during the last quarter. Capital International Investors lifted its stake in Exxon Mobil by 22.8% in the fourth quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock worth $2,198,413,000 after purchasing an additional 4,084,458 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in Exxon Mobil by 6.0% in the fourth quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock worth $1,838,462,000 after purchasing an additional 1,037,226 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on XOM. HSBC raised their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Truist Financial reaffirmed a “hold” rating and set a $124.00 price target (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Piper Sandler lifted their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, UBS Group lifted their price target on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $133.82.

Exxon Mobil Price Performance

NYSE XOM opened at $115.11 on Friday. The firm’s fifty day simple moving average is $115.25 and its two-hundred day simple moving average is $109.57. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The firm has a market capitalization of $453.88 billion, a P/E ratio of 14.11, a P/E/G ratio of 4.11 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the prior year, the firm posted $2.83 earnings per share. Exxon Mobil’s revenue for the quarter was down 4.0% compared to the same quarter last year. Analysts forecast that Exxon Mobil Co. will post 9.28 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

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.