Tillman Hartley LLC Acquires 1,062 Shares of Exxon Mobil Co. (NYSE:XOM)

Tillman Hartley LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 29.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,628 shares of the oil and gas company’s stock after acquiring an additional 1,062 shares during the quarter. Tillman Hartley LLC’s holdings in Exxon Mobil were worth $533,000 at the end of the most recent reporting period.

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

Exxon Mobil Stock Up 1.4 %

Shares of XOM stock opened at $111.23 on Friday. The stock has a 50 day moving average of $115.70 and a 200 day moving average of $114.94. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market cap of $438.58 billion, a P/E ratio of 13.63, a P/E/G ratio of 4.48 and a beta of 0.90. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75.

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

Exxon Mobil Announces Dividend

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

Analyst Ratings Changes

XOM has been the subject of a number of research analyst reports. UBS Group increased their price target on Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Barclays decreased their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 9th. Finally, Truist Financial decreased their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.29.

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.