Mattson Financial Services LLC Raises Stake in Exxon Mobil Co. (NYSE:XOM)

Mattson Financial Services LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,302 shares of the oil and gas company’s stock after purchasing an additional 248 shares during the period. Mattson Financial Services LLC’s holdings in Exxon Mobil were worth $1,442,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in XOM. Tallon Kerry Patrick bought a new position in Exxon Mobil in the 4th quarter worth about $789,000. Eclectic Associates Inc. ADV increased its stake in Exxon Mobil by 1.6% in the 4th quarter. Eclectic Associates Inc. ADV now owns 13,585 shares of the oil and gas company’s stock worth $1,461,000 after acquiring an additional 215 shares during the last quarter. Atlas Private Wealth Advisors increased its stake in Exxon Mobil by 2.3% in the 4th quarter. Atlas Private Wealth Advisors now owns 18,556 shares of the oil and gas company’s stock worth $1,996,000 after acquiring an additional 418 shares during the last quarter. Cottonwood Capital Advisors LLC increased its stake in Exxon Mobil by 8.3% in the 4th quarter. Cottonwood Capital Advisors LLC now owns 3,619 shares of the oil and gas company’s stock worth $389,000 after acquiring an additional 276 shares during the last quarter. Finally, apricus wealth LLC increased its stake in Exxon Mobil by 6.8% in the 4th quarter. apricus wealth LLC now owns 8,282 shares of the oil and gas company’s stock worth $891,000 after acquiring an additional 524 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on XOM shares. Morgan Stanley decreased their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Piper Sandler reduced their price objective on Exxon Mobil from $127.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 13th. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. HSBC reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Finally, Bernstein Bank increased their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Trading Up 0.4%

NYSE XOM opened at $103.48 on Wednesday. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a 50 day simple moving average of $107.77 and a two-hundred day simple moving average of $110.08. The stock has a market cap of $445.96 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

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 the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter last year, the business posted $2.06 EPS. The business’s revenue was up .1% on a year-over-year basis. On average, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.83%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.