Blair William & Co. IL Buys 379,747 Shares of Exxon Mobil Co. (NYSE:XOM)

Blair William & Co. IL lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 64.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 967,618 shares of the oil and gas company’s stock after acquiring an additional 379,747 shares during the period. Blair William & Co. IL’s holdings in Exxon Mobil were worth $111,392,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Exxon Mobil by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock valued at $38,846,569,000 after purchasing an additional 1,269,495 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in 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 valued at $5,249,607,000 after purchasing an additional 2,676,652 shares in the last quarter. Bank of New York Mellon Corp grew its position in Exxon Mobil by 11.3% in 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 in the last quarter. Dimensional Fund Advisors LP grew its position in Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. Finally, Capital International Investors grew its position in Exxon Mobil by 25.1% in 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. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $114.57 on Thursday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. 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 company has a 50-day simple moving average of $115.78 and a two-hundred day simple moving average of $115.25. The stock has a market capitalization of $451.75 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the previous year, the company earned $1.94 EPS. The business’s revenue was up 12.2% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 8.36 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Truist Financial cut their price target on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Sanford C. Bernstein cut their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Morgan Stanley cut their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Mizuho increased their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $135.76.

Exxon Mobil Company 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.