Financial Strategies Group Inc. Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Financial Strategies Group Inc. lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 12.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,959 shares of the oil and gas company’s stock after buying an additional 4,529 shares during the period. Exxon Mobil makes up 1.3% of Financial Strategies Group Inc.’s holdings, making the stock its 24th biggest position. Financial Strategies Group Inc.’s holdings in Exxon Mobil were worth $4,963,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Partnership Wealth Management LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth about $46,000. Vima LLC acquired a new stake in Exxon Mobil during the fourth quarter worth about $50,000. Keener Financial Planning LLC acquired a new stake in Exxon Mobil during the fourth quarter worth about $80,000. Neo Ivy Capital Management acquired a new stake in Exxon Mobil during the fourth quarter worth about $80,000. Finally, Orion Capital Management LLC acquired a new stake in Exxon Mobil during the third quarter worth about $91,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Barclays assumed coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target for the company. 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 report on Tuesday, June 25th. 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 report on Thursday, April 18th. Finally, Mizuho lifted their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $133.82.

Exxon Mobil Stock Up 0.6 %

Shares of Exxon Mobil stock opened at $114.81 on Thursday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a 50 day moving average of $115.00 and a 200 day moving average of $109.91. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $452.70 billion, a P/E ratio of 14.07, a P/E/G ratio of 4.14 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the firm earned $2.83 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. As a group, research 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. Investors of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.31%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by insiders.

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.