Exxon Mobil Co. (NYSE:XOM) Stake Boosted by True Link Financial Advisors LLC

True Link Financial Advisors LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.3% during the 1st quarter, HoldingsChannel reports. The fund owned 11,573 shares of the oil and gas company’s stock after acquiring an additional 144 shares during the period. Exxon Mobil accounts for 0.1% of True Link Financial Advisors LLC’s holdings, making the stock its 22nd biggest position. True Link Financial Advisors LLC’s holdings in Exxon Mobil were worth $1,345,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $46,000. Vima LLC acquired a new position in Exxon Mobil during the 4th quarter worth $50,000. Keener Financial Planning LLC acquired a new position in Exxon Mobil during the 4th quarter worth $80,000. Neo Ivy Capital Management acquired a new position in Exxon Mobil during the 4th quarter worth $80,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Exxon Mobil during the 1st quarter worth $88,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the company’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 transaction, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XOM. Wells Fargo & Company boosted their target price 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. Truist Financial reissued a “hold” rating and set a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Morgan Stanley reissued an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Mizuho boosted their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Finally, Scotiabank boosted their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Nine 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.82.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $114.76 on Friday. 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 stock has a market capitalization of $452.50 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 4.15 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The firm’s 50-day moving average price is $114.88 and its two-hundred day moving average price is $109.95.

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). 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 for the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the prior year, the company posted $2.83 earnings per share. Exxon Mobil’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post 9.23 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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