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

Financial Counselors Inc. grew its holdings in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 19.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 483,955 shares of the oil and gas company’s stock after acquiring an additional 77,750 shares during the quarter. Exxon Mobil accounts for approximately 0.9% of Financial Counselors Inc.’s holdings, making the stock its 23rd biggest holding. Financial Counselors Inc.’s holdings in Exxon Mobil were worth $56,255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC grew its holdings in shares of Exxon Mobil by 10.7% in the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 199 shares during the last quarter. RNC Capital Management LLC boosted its holdings in Exxon Mobil by 5.5% in the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after acquiring an additional 4,585 shares in the last quarter. Dupree Financial Group LLC bought a new stake in Exxon Mobil in the fourth quarter valued at $378,000. Intact Investment Management Inc. boosted its holdings in Exxon Mobil by 225.7% in the fourth quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after acquiring an additional 47,400 shares in the last quarter. Finally, AJOVista LLC bought a new stake in Exxon Mobil in the fourth quarter valued at $312,000. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on XOM. Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. 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 report on Tuesday, June 25th. Scotiabank raised their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Barclays lowered their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, TD Cowen raised their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.41.

Check Out Our Latest Stock Analysis on Exxon Mobil

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $110.99 on Wednesday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The business has a 50-day simple moving average of $114.36 and a two-hundred day simple moving average of $110.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The firm has a market cap of $437.63 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 4.07 and a beta of 0.91.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the firm posted $2.83 EPS. On average, analysts expect that Exxon Mobil Co. will post 9.18 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.42%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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