Beam Wealth Advisors Inc. Buys 11,268 Shares of Exxon Mobil Co. (NYSE:XOM)

Beam Wealth Advisors Inc. increased its position in Exxon Mobil Co. (NYSE:XOM) by 97.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,788 shares of the oil and gas company’s stock after purchasing an additional 11,268 shares during the period. Exxon Mobil makes up approximately 0.9% of Beam Wealth Advisors Inc.’s holdings, making the stock its 28th biggest position. Beam Wealth Advisors Inc.’s holdings in Exxon Mobil were worth $2,623,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Gilbert & Cook Inc. raised its stake in shares of Exxon Mobil by 2.2% in the fourth quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock worth $2,547,000 after purchasing an additional 545 shares during the last quarter. Aveo Capital Partners LLC increased its holdings in Exxon Mobil by 5.0% in the 4th quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock worth $2,053,000 after buying an additional 984 shares in the last quarter. Gryphon Financial Partners LLC raised its position in Exxon Mobil by 42.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock worth $1,827,000 after buying an additional 5,565 shares during the last quarter. M&G Investment Management Ltd. bought a new position in Exxon Mobil during the 4th quarter valued at about $2,391,000. Finally, Haverford Trust Co boosted its holdings in shares of Exxon Mobil by 1.8% during the 4th quarter. Haverford Trust Co now owns 131,711 shares of the oil and gas company’s stock valued at $13,168,000 after acquiring an additional 2,335 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on XOM. Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Sanford C. Bernstein lowered their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. UBS Group upped their price objective on Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, Truist Financial dropped their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $136.29.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $111.23 on Friday. The company has a market capitalization of $438.58 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 4.48 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The stock’s 50-day simple moving average is $115.70 and its 200-day simple moving average is $114.94. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75.

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

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.42%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Exxon Mobil 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.