South Street Advisors LLC Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

South Street Advisors LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,728 shares of the oil and gas company’s stock after purchasing an additional 150 shares during the quarter. South Street Advisors LLC’s holdings in Exxon Mobil were worth $666,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. FPC Investment Advisory Inc. purchased a new stake in Exxon Mobil in the first quarter valued at approximately $25,000. First Pacific Financial purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at $34,000. Partnership Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $46,000. Vima LLC acquired a new position in Exxon Mobil during the 4th quarter worth about $50,000. Finally, Redmont Wealth Advisors LLC purchased a new position in Exxon Mobil during the 1st quarter valued at about $88,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

Shares of XOM stock traded down $2.73 during mid-day trading on Friday, hitting $116.07. 16,157,707 shares of the stock were exchanged, compared to its average volume of 15,032,544. The stock’s fifty day simple moving average is $114.13 and its two-hundred day simple moving average is $111.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The stock has a market capitalization of $457.67 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 4.47 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter in the prior year, the business earned $2.83 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were given a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on XOM shares. Morgan Stanley reissued an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15th. Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Barclays reduced their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Truist Financial restated a “hold” rating and set a $124.00 price target (down previously from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Finally, Scotiabank lifted their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.94.

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.