Exxon Mobil Co. (NYSE:XOM) Holdings Decreased by Cascade Investment Group Inc.

Cascade Investment Group Inc. trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 8.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,985 shares of the oil and gas company’s stock after selling 480 shares during the quarter. Cascade Investment Group Inc.’s holdings in Exxon Mobil were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Holland Advisory Services Inc. grew its holdings in shares of Exxon Mobil by 3.3% in the 2nd quarter. Holland Advisory Services Inc. now owns 5,708 shares of the oil and gas company’s stock worth $657,000 after acquiring an additional 185 shares during the last quarter. Tsfg LLC grew its holdings in shares of Exxon Mobil by 1.1% in the 2nd quarter. Tsfg LLC now owns 11,349 shares of the oil and gas company’s stock worth $1,307,000 after acquiring an additional 128 shares during the last quarter. GPS Wealth Strategies Group LLC grew its holdings in shares of Exxon Mobil by 18.8% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 10,334 shares of the oil and gas company’s stock worth $1,190,000 after acquiring an additional 1,635 shares during the last quarter. Bremer Bank National Association grew its holdings in shares of Exxon Mobil by 2.0% in the 2nd quarter. Bremer Bank National Association now owns 5,782 shares of the oil and gas company’s stock worth $666,000 after acquiring an additional 112 shares during the last quarter. Finally, ORG Partners LLC boosted its position in shares of Exxon Mobil by 4,177.3% in the second quarter. ORG Partners LLC now owns 71,559 shares of the oil and gas company’s stock worth $8,229,000 after buying an additional 69,886 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. TD Cowen raised their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Piper Sandler raised their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Mizuho raised their target price on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Truist Financial decreased their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $134.39.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded up $0.46 during trading on Thursday, reaching $119.41. The company’s stock had a trading volume of 3,864,817 shares, compared to its average volume of 17,216,750. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The firm has a market cap of $470.83 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The business’s fifty day moving average price is $114.49 and its 200-day moving average price is $113.19.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same period in the previous year, the company posted $1.94 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts predict that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. Exxon Mobil’s dividend payout ratio is currently 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.