Robbins Farley Raises Position in Exxon Mobil Co. (NYSE:XOM)

Robbins Farley increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 10.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,019 shares of the oil and gas company’s stock after purchasing an additional 199 shares during the quarter. Robbins Farley’s holdings in Exxon Mobil were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil during the first quarter valued at about $25,000. First Pacific Financial purchased a new position in shares of Exxon Mobil during the first quarter valued at about $34,000. Partnership Wealth Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at about $46,000. Lynx Investment Advisory purchased a new position in shares of Exxon Mobil during the second quarter valued at about $47,000. Finally, Vima LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM stock traded down $0.69 during trading on Friday, hitting $118.04. 182,450 shares of the company’s stock traded hands, compared to its average volume of 17,157,766. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week 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 business has a fifty day simple moving average of $114.58 and a 200 day simple moving average of $113.23. The stock has a market capitalization of $465.43 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 4.51 and a beta of 0.91.

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

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.22%. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XOM. Truist Financial reduced their price target on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Sanford C. Bernstein dropped their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Wolfe Research began coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective on the stock. Mizuho boosted their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Finally, Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $134.39.

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.