Franklin Parlapiano Turner & Welch LLC Has $10.98 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Franklin Parlapiano Turner & Welch LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,679 shares of the oil and gas company’s stock after purchasing an additional 3,140 shares during the period. Exxon Mobil accounts for 2.8% of Franklin Parlapiano Turner & Welch LLC’s portfolio, making the stock its 5th largest holding. Franklin Parlapiano Turner & Welch LLC’s holdings in Exxon Mobil were worth $10,981,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of XOM. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the first quarter valued at about $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil during the 2nd quarter valued at approximately $35,000. Anfield Capital Management LLC lifted its holdings in Exxon Mobil by 360.0% in the 2nd 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 bought a new position in Exxon Mobil in the 2nd quarter worth approximately $39,000. Finally, POM Investment Strategies LLC grew its holdings in Exxon Mobil by 918.9% during the 2nd 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. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of several research analyst reports. Mizuho boosted their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Truist Financial decreased their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Wells Fargo & Company raised their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, Wolfe Research began coverage on Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Trading Down 0.6 %

Shares of XOM opened at $119.60 on Friday. The company’s fifty day simple moving average is $117.49 and its 200-day simple moving average is $116.49. The company has a market cap of $471.58 billion, a P/E ratio of 14.66, a P/E/G ratio of 5.02 and a beta of 0.89. 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 twelve month low of $95.77 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same period in the prior year, the company posted $1.94 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, analysts expect that Exxon Mobil Co. will post 8.11 EPS for the current 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 issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is currently 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.