Transatlantique Private Wealth LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Transatlantique Private Wealth LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 12.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,513 shares of the oil and gas company’s stock after buying an additional 484 shares during the period. Transatlantique Private Wealth LLC’s holdings in Exxon Mobil were worth $519,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of XOM. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil in the first quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $35,000. Anfield Capital Management LLC boosted its holdings in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares in the last quarter. POM Investment Strategies LLC grew its position in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the period. Finally, Lynx Investment Advisory purchased a new position in Exxon Mobil in the second quarter valued at $47,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on XOM shares. Truist Financial dropped their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Sanford C. Bernstein dropped their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Wells Fargo & Company cut their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Morgan Stanley decreased their target price on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Finally, Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.76.

Exxon Mobil Stock Down 0.6 %

Shares of NYSE XOM opened at $115.27 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $115.88 and a 200 day moving average of $115.33. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The stock has a market cap of $454.51 billion, a PE ratio of 14.13, a P/E/G ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.94 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given 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 dividend yield of 3.30%. Exxon Mobil’s payout ratio is 46.57%.

About Exxon Mobil

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.