Exxon Mobil Corporation (NYSE:XOM) Position Increased by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 4.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,728 shares of the oil and gas company’s stock after buying an additional 312 shares during the period. Shepherd Financial Partners LLC’s holdings in Exxon Mobil were worth $800,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of XOM. 10Elms LLP acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the 4th quarter worth about $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter worth about $32,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $47,000. Finally, Synergy Investment Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on XOM shares. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. UBS Group dropped their price target 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. Piper Sandler lowered Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Finally, Barclays reaffirmed a “hold” 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 assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Price Performance

NYSE XOM opened at $114.07 on Wednesday. The company has a 50 day moving average price of $105.91 and a two-hundred day moving average price of $108.66. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The stock has a market capitalization of $491.58 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.25 and a beta of 0.49. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12.

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 (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. Exxon Mobil’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.06 EPS. As a group, equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.47%. Exxon Mobil’s dividend payout ratio is currently 52.52%.

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.