Waters Parkerson & CO. LLC Boosts Position in Exxon Mobil Co. (NYSE:XOM)

Waters Parkerson & CO. LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 71.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 498,523 shares of the oil and gas company’s stock after purchasing an additional 207,880 shares during the period. Exxon Mobil accounts for approximately 3.1% of Waters Parkerson & CO. LLC’s holdings, making the stock its 8th biggest holding. Waters Parkerson & CO. LLC’s holdings in Exxon Mobil were worth $57,390,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Gilbert & Cook Inc. boosted its holdings in Exxon Mobil by 2.2% in the fourth quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock worth $2,547,000 after purchasing an additional 545 shares during the period. Aveo Capital Partners LLC raised its stake 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 worth $2,053,000 after acquiring an additional 984 shares during the period. Gryphon Financial Partners LLC lifted its holdings in Exxon Mobil by 42.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock worth $1,827,000 after acquiring an additional 5,565 shares during the last quarter. BlackDiamond Wealth Management LLC boosted its stake in Exxon Mobil by 17.8% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 2,525 shares of the oil and gas company’s stock valued at $256,000 after acquiring an additional 382 shares during the period. Finally, AXS Investments LLC grew its holdings in shares of Exxon Mobil by 8.0% during the fourth quarter. AXS Investments LLC now owns 2,444 shares of the oil and gas company’s stock valued at $244,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several recent research reports. Sanford C. Bernstein cut their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 9th. Truist Financial lowered 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 report on Monday, July 22nd. Wolfe Research began coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective on the stock. Finally, Mizuho boosted their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.76.

Exxon Mobil Stock Performance

XOM opened at $115.27 on Friday. The business has a 50 day moving average price of $115.88 and a two-hundred day moving average price of $115.33. 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 company has a market capitalization of $454.51 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data 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 business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.94 earnings per share. Research analysts predict that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.30%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

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.