Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Souders Financial Advisors

Souders Financial Advisors lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,305 shares of the oil and gas company’s stock after purchasing an additional 230 shares during the period. Souders Financial Advisors’ holdings in Exxon Mobil were worth $496,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. J. W. Coons Advisors LLC increased its position in Exxon Mobil by 0.5% during the fourth quarter. J. W. Coons Advisors LLC now owns 39,609 shares of the oil and gas company’s stock worth $3,960,000 after purchasing an additional 208 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Exxon Mobil by 0.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 549,549 shares of the oil and gas company’s stock valued at $54,944,000 after acquiring an additional 3,608 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Exxon Mobil by 25.8% in the 4th quarter. First Trust Advisors LP now owns 2,378,263 shares of the oil and gas company’s stock valued at $237,779,000 after acquiring an additional 488,121 shares during the period. Capital International Investors lifted its holdings in shares of Exxon Mobil by 22.8% in the 4th quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock worth $2,198,413,000 after acquiring an additional 4,084,458 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in shares of Exxon Mobil by 6.0% during the 4th quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock worth $1,838,462,000 after purchasing an additional 1,037,226 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $119.97 on Wednesday. The stock has a market cap of $473.04 billion, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. The company has a fifty day simple moving average of $115.93 and a 200-day simple moving average of $115.81. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same period in the prior year, the firm posted $1.94 EPS. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Co. will post 8.06 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on XOM shares. Morgan Stanley cut 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. Mizuho boosted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Truist Financial lowered their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday. Wolfe Research started coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. Finally, Redburn Atlantic reissued a “neutral” rating and set a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $134.75.

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.