Exxon Mobil Co. (NYSE:XOM) Holdings Increased by Mayfair Advisory Group LLC

Mayfair Advisory Group LLC increased its stake in Exxon Mobil Co. (NYSE:XOM) by 1.1% in the 1st quarter, HoldingsChannel reports. The fund owned 21,680 shares of the oil and gas company’s stock after acquiring an additional 233 shares during the period. Exxon Mobil accounts for approximately 1.8% of Mayfair Advisory Group LLC’s holdings, making the stock its 12th largest holding. Mayfair Advisory Group LLC’s holdings in Exxon Mobil were worth $2,520,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Evergreen Capital Management LLC raised its stake in shares of Exxon Mobil by 1.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 50,052 shares of the oil and gas company’s stock worth $5,885,000 after buying an additional 636 shares in the last quarter. Elevatus Welath Management lifted its holdings in Exxon Mobil by 10.0% in the 3rd quarter. Elevatus Welath Management now owns 7,112 shares of the oil and gas company’s stock valued at $836,000 after acquiring an additional 649 shares during the last quarter. Legacy Advisors LLC boosted its position in shares of Exxon Mobil by 49.1% during the 3rd quarter. Legacy Advisors LLC now owns 18,969 shares of the oil and gas company’s stock valued at $2,230,000 after purchasing an additional 6,245 shares in the last quarter. Laurel Wealth Advisors LLC raised its holdings in shares of Exxon Mobil by 2.2% in the 3rd quarter. Laurel Wealth Advisors LLC now owns 24,881 shares of the oil and gas company’s stock worth $2,925,000 after purchasing an additional 525 shares in the last quarter. Finally, LaSalle St. Investment Advisors LLC lifted its stake in Exxon Mobil by 28.8% during the third quarter. LaSalle St. Investment Advisors LLC now owns 45,080 shares of the oil and gas company’s stock valued at $5,300,000 after purchasing an additional 10,080 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Down 0.1 %

XOM opened at $114.96 on Tuesday. The company has a market capitalization of $453.29 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 4.14 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The business has a 50-day moving average of $115.25 and a 200-day moving average of $109.72.

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

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on XOM. Barclays began coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target on the stock. Scotiabank boosted their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. HSBC increased their price target on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Morgan Stanley restated an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. Finally, TD Cowen lifted their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $133.82.

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.