Farmers & Merchants Investments Inc. Acquires 484 Shares of Exxon Mobil Co. (NYSE:XOM)

Farmers & Merchants Investments Inc. boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 270,736 shares of the oil and gas company’s stock after acquiring an additional 484 shares during the period. Exxon Mobil makes up approximately 1.1% of Farmers & Merchants Investments Inc.’s investment portfolio, making the stock its 18th largest holding. Farmers & Merchants Investments Inc.’s holdings in Exxon Mobil were worth $31,470,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sei Investments Co. lifted its holdings in shares of Exxon Mobil by 6.4% in the third quarter. Sei Investments Co. now owns 918,703 shares of the oil and gas company’s stock valued at $108,021,000 after purchasing an additional 55,285 shares in the last quarter. Cito Capital Group LLC lifted its holdings in shares of Exxon Mobil by 16.8% in the third quarter. Cito Capital Group LLC now owns 17,402 shares of the oil and gas company’s stock valued at $2,046,000 after purchasing an additional 2,500 shares in the last quarter. Objective Capital Management LLC lifted its holdings in shares of Exxon Mobil by 6.7% in the third quarter. Objective Capital Management LLC now owns 5,395 shares of the oil and gas company’s stock valued at $634,000 after purchasing an additional 341 shares in the last quarter. Annandale Capital LLC bought a new stake in shares of Exxon Mobil in the third quarter valued at about $462,000. Finally, Crestwood Advisors Group LLC lifted its holdings in shares of Exxon Mobil by 49.8% in the third quarter. Crestwood Advisors Group LLC now owns 110,421 shares of the oil and gas company’s stock valued at $12,983,000 after purchasing an additional 36,733 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $114.81 on Thursday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock’s 50 day moving average is $115.00 and its 200-day moving average is $109.91. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $452.70 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 4.14 and a beta of 0.91.

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

Exxon Mobil Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently issued reports on XOM. HSBC upped their target price on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Morgan Stanley reiterated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Mizuho upped their target price on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Wells Fargo & Company upped their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Finally, Truist Financial reiterated a “hold” rating and set a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $133.82.

Insider Activity

In related news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a filing with the SEC, which is available at this link. 0.03% of the stock is owned by company insiders.

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.