Exxon Mobil Co. (NYSE:XOM) Position Increased by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 374,941 shares of the oil and gas company’s stock after purchasing an additional 4,502 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Exxon Mobil were worth $43,163,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Vanguard Group Inc. boosted its position in shares of Exxon Mobil by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock worth $38,846,569,000 after buying an additional 1,269,495 shares during the period. Norges Bank acquired a new position in Exxon Mobil during the 4th quarter worth $5,519,753,000. Price T Rowe Associates Inc. MD grew its stake in shares of Exxon Mobil by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after purchasing an additional 2,676,652 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Exxon Mobil by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock valued at $4,640,756,000 after purchasing an additional 4,080,716 shares during the period. Finally, Capital International Investors raised its stake in shares of Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 1.4 %

XOM stock opened at $111.23 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The firm has a market capitalization 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 52-week low of $95.77 and a 52-week high of $123.75. The company’s 50 day simple moving average is $115.70 and its 200-day simple moving average is $114.94.

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

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.42%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on XOM. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Sanford C. Bernstein decreased their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. 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. Finally, Truist Financial dropped their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $136.29.

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.