US Bancorp DE Purchases 43,767 Shares of Exxon Mobil Co. (NYSE:XOM)

US Bancorp DE boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,683,362 shares of the oil and gas company’s stock after acquiring an additional 43,767 shares during the period. US Bancorp DE’s holdings in Exxon Mobil were worth $424,029,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil in the 1st quarter worth approximately $25,000. Anfield Capital Management LLC boosted its holdings in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares in the last quarter. POM Investment Strategies LLC boosted its holdings in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares in the last quarter. Lynx Investment Advisory acquired a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $47,000. Finally, Vima LLC acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $50,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

XOM stock opened at $109.70 on Thursday. The stock has a 50-day moving average price of $115.77 and a two-hundred day moving average price of $114.96. The stock has a market cap of $432.55 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 4.48 and a beta of 0.90. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the prior year, the business posted $1.94 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 8.37 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.46%. Exxon Mobil’s dividend payout ratio is 46.57%.

Analyst Ratings Changes

Several research analysts have issued reports on XOM shares. Truist Financial reduced their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Morgan Stanley reiterated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Barclays dropped their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Wolfe Research initiated coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $136.29.

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.