Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV grew its stake in Exxon Mobil Co. (NYSE:XOM) by 1.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 104,603 shares of the oil and gas company’s stock after buying an additional 1,062 shares during the quarter. Exxon Mobil accounts for about 1.5% of Hudson Valley Investment Advisors Inc. ADV’s portfolio, making the stock its 16th largest holding. Hudson Valley Investment Advisors Inc. ADV’s holdings in Exxon Mobil were worth $12,440,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Quantinno Capital Management LP lifted its holdings in Exxon Mobil by 24.1% in the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock valued at $61,332,000 after acquiring an additional 110,772 shares during the period. Accredited Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $55,000. Rockline Wealth Management LLC lifted its stake in shares of Exxon Mobil by 6.1% in the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock valued at $2,788,000 after purchasing an additional 1,498 shares during the period. Renasant Bank lifted its stake in shares of Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock valued at $1,115,000 after purchasing an additional 493 shares during the period. Finally, Paradigm Capital Management LLC NV raised its position in shares of Exxon Mobil by 1.6% in the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company’s stock worth $1,532,000 after acquiring an additional 227 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent analyst reports. Piper Sandler lowered shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. UBS Group dropped their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley dropped their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Stock Performance

XOM opened at $104.29 on Friday. The firm has a market capitalization of $449.45 billion, a PE ratio of 13.30, a PEG ratio of 3.02 and a beta of 0.51. The firm’s 50-day moving average price is $105.42 and its 200 day moving average price is $109.19. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.06 earnings per share. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. Exxon Mobil’s payout ratio is 52.52%.

Exxon Mobil 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.