Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Fiduciary Financial Group LLC

Fiduciary Financial Group LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 8.9% in the first quarter, HoldingsChannel.com reports. The fund owned 7,406 shares of the oil and gas company’s stock after buying an additional 606 shares during the period. Fiduciary Financial Group LLC’s holdings in Exxon Mobil were worth $881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. 10Elms LLP acquired a new position in Exxon Mobil in the 4th quarter worth approximately $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 4th quarter worth about $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter worth about $32,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil during the 4th quarter worth about $36,000. Finally, Compass Planning Associates Inc acquired a new stake in Exxon Mobil during the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of a number of analyst reports. Morgan Stanley decreased 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. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho decreased 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. Piper Sandler cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. Finally, UBS Group decreased their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Stock Up 0.7%

XOM stock opened at $104.97 on Tuesday. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market cap of $452.36 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 3.02 and a beta of 0.49. The firm has a 50-day moving average of $105.14 and a two-hundred day moving average of $108.90.

Exxon Mobil (NYSE:XOM) last issued 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 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 the consensus estimate of $86.11 billion. During the same period last year, the company earned $2.06 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s payout ratio is currently 52.52%.

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.