Tilia Fiduciary Partners Inc. Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Tilia Fiduciary Partners Inc. increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.5% in the 1st quarter, HoldingsChannel reports. The firm owned 4,114 shares of the oil and gas company’s stock after purchasing an additional 102 shares during the period. Tilia Fiduciary Partners Inc.’s holdings in Exxon Mobil were worth $489,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in XOM. Central Bank & Trust Co. increased its holdings in Exxon Mobil by 8.3% in the first quarter. Central Bank & Trust Co. now owns 7,478 shares of the oil and gas company’s stock valued at $889,000 after buying an additional 576 shares in the last quarter. Lloyd Advisory Services LLC. increased its holdings in Exxon Mobil by 35.8% in the first quarter. Lloyd Advisory Services LLC. now owns 2,839 shares of the oil and gas company’s stock valued at $338,000 after buying an additional 748 shares in the last quarter. Meridian Financial Partners LLC increased its holdings in Exxon Mobil by 0.9% in the first quarter. Meridian Financial Partners LLC now owns 30,024 shares of the oil and gas company’s stock valued at $3,571,000 after buying an additional 276 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in Exxon Mobil by 2.1% in the first quarter. Wedge Capital Management L L P NC now owns 7,224 shares of the oil and gas company’s stock valued at $859,000 after buying an additional 147 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its holdings in Exxon Mobil by 262.1% in the first quarter. SOA Wealth Advisors LLC. now owns 25,332 shares of the oil and gas company’s stock valued at $3,013,000 after buying an additional 18,336 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 2.4%

Shares of NYSE XOM opened at $104.29 on Monday. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The firm’s 50 day moving average price is $105.42 and its 200 day moving average price is $109.02. The firm has a market cap of $449.45 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the business earned $2.06 earnings per share. Exxon Mobil’s revenue was up .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Wall Street Analysts Forecast Growth

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

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.