Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 24.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,770 shares of the oil and gas company’s stock after buying an additional 937 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in Exxon Mobil were worth $549,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Comerica Bank raised its holdings in Exxon Mobil by 5.4% during the second quarter. Comerica Bank now owns 1,570,767 shares of the oil and gas company’s stock worth $180,827,000 after purchasing an additional 80,818 shares in the last quarter. Beaird Harris Wealth Management LLC increased its position in shares of Exxon Mobil by 297.3% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 35,145 shares of the oil and gas company’s stock valued at $4,046,000 after purchasing an additional 26,300 shares during the period. Security National Bank of SO Dak raised its stake in shares of Exxon Mobil by 4.8% in the 2nd quarter. Security National Bank of SO Dak now owns 24,858 shares of the oil and gas company’s stock worth $2,862,000 after buying an additional 1,148 shares in the last quarter. Smith Thornton Advisors LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at $1,709,000. Finally, First County Bank CT boosted its stake in Exxon Mobil by 16.9% during the second quarter. First County Bank CT now owns 46,506 shares of the oil and gas company’s stock valued at $5,354,000 after buying an additional 6,728 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 2.7 %

Shares of NYSE:XOM opened at $115.83 on Friday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-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 firm has a market capitalization of $456.72 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. The firm has a fifty day moving average of $115.76 and a two-hundred day moving average of $115.61.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 earnings per share. On average, equities analysts expect that Exxon Mobil Co. will post 8.06 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. Investors of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.28%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is presently 46.57%.

Analysts Set New Price Targets

A number of brokerages have weighed in on XOM. 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 report on Monday, July 22nd. Mizuho increased 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. Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday. Wolfe Research started coverage on Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective for the company. Finally, Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $135.00.

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.