Exxon Mobil Co. (NYSE:XOM) Stock Holdings Boosted by Allied Investment Advisors LLC

Allied Investment Advisors LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 106,632 shares of the oil and gas company’s stock after buying an additional 1,324 shares during the period. Exxon Mobil accounts for approximately 2.5% of Allied Investment Advisors LLC’s holdings, making the stock its 10th biggest holding. Allied Investment Advisors LLC’s holdings in Exxon Mobil were worth $12,499,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the 1st quarter valued at $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the second quarter valued at about $35,000. Anfield Capital Management LLC lifted its stake in shares of 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 purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil in the second quarter worth about $39,000. Finally, POM Investment Strategies LLC grew its stake in shares of Exxon Mobil by 918.9% in 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 in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XOM. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Sanford C. Bernstein lowered their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Truist Financial cut their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. BMO Capital Markets raised their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Mizuho boosted their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.18.

Exxon Mobil Stock Performance

XOM stock traded up $2.25 during midday trading on Friday, reaching $124.83. The company had a trading volume of 19,759,207 shares, compared to its average volume of 16,859,965. The firm has a market capitalization of $492.21 billion, a PE ratio of 15.30, a P/E/G ratio of 4.86 and a beta of 0.89. The stock has a 50 day moving average price of $116.31 and a 200 day moving average price of $115.98. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $125.19. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion during 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 firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.94 EPS. Analysts anticipate that Exxon Mobil Co. will post 8.06 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

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.