Matrix Trust Co Has $2.75 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Matrix Trust Co boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,122 shares of the oil and gas company’s stock after purchasing an additional 942 shares during the period. Exxon Mobil accounts for about 0.5% of Matrix Trust Co’s investment portfolio, making the stock its 28th biggest holding. Matrix Trust Co’s holdings in Exxon Mobil were worth $2,750,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $32,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil during the 4th quarter valued at $36,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $47,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.4%

XOM stock opened at $102.33 on Thursday. The business has a 50-day simple moving average of $106.06 and a 200 day simple moving average of $109.42. The company has a market cap of $441.01 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. During the same period in the previous year, the company earned $2.06 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.87%. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley dropped their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Piper Sandler cut Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Finally, Scotiabank dropped their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $125.50.

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.