Franklin Parlapiano Turner & Welch LLC Has $11.48 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Franklin Parlapiano Turner & Welch LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 11.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 98,796 shares of the oil and gas company’s stock after selling 12,490 shares during the quarter. Exxon Mobil comprises approximately 3.2% of Franklin Parlapiano Turner & Welch LLC’s investment portfolio, making the stock its 7th largest position. Franklin Parlapiano Turner & Welch LLC’s holdings in Exxon Mobil were worth $11,484,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Vanguard Group Inc. boosted its stake in shares of Exxon Mobil by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock worth $38,846,569,000 after acquiring an additional 1,269,495 shares during the last quarter. Norges Bank purchased a new position in shares of Exxon Mobil during the 4th quarter worth $5,519,753,000. Capital International Investors boosted its stake in shares of Exxon Mobil by 22.8% during the 4th quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock worth $2,198,413,000 after acquiring an additional 4,084,458 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Exxon Mobil by 6.0% during the 4th quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock worth $1,838,462,000 after acquiring an additional 1,037,226 shares during the last quarter. Finally, Putnam Investments LLC boosted its stake in shares of Exxon Mobil by 16.7% during the 4th quarter. Putnam Investments LLC now owns 13,301,039 shares of the oil and gas company’s stock worth $1,329,838,000 after acquiring an additional 1,901,075 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a research note on Tuesday. Truist Financial restated a “hold” rating and set a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Morgan Stanley restated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Scotiabank lifted their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Finally, Barclays lowered their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $134.41.

Read Our Latest Analysis on XOM

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated 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 approximately $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded up $0.21 during trading hours on Wednesday, reaching $111.15. The company’s stock had a trading volume of 1,315,722 shares, compared to its average volume of 17,931,053. The firm has a 50 day moving average price of $114.36 and a 200-day moving average price of $110.31. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The stock has a market cap of $438.27 billion, a P/E ratio of 13.60, a P/E/G ratio of 4.07 and a beta of 0.91.

Exxon Mobil (NYSE:XOMGet Free Report) last posted 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). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter last year, the firm earned $2.83 earnings per share. The business’s quarterly revenue was down 4.0% on a year-over-year basis. On average, analysts predict that Exxon Mobil Co. will post 9.18 EPS for the current year.

Exxon Mobil Dividend Announcement

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

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.

Further Reading

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

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