Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.6% in the first quarter, Holdings Channel reports. The firm owned 177,396 shares of the oil and gas company’s stock after buying an additional 4,509 shares during the period. Exxon Mobil comprises about 0.9% of Pallas Capital Advisors LLC’s portfolio, making the stock its 15th largest position. Pallas Capital Advisors LLC’s holdings in Exxon Mobil were worth $21,098,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. WFA Asset Management Corp boosted its position in shares of Exxon Mobil by 21.0% in the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after purchasing an additional 465 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Exxon Mobil by 44.3% in the 1st quarter. Farther Finance Advisors LLC now owns 99,701 shares of the oil and gas company’s stock worth $11,868,000 after purchasing an additional 30,624 shares in the last quarter. City Holding Co. boosted its position in shares of Exxon Mobil by 1.7% in the 1st quarter. City Holding Co. now owns 73,626 shares of the oil and gas company’s stock worth $8,756,000 after purchasing an additional 1,237 shares in the last quarter. Deane Retirement Strategies Inc. boosted its position in shares of Exxon Mobil by 5.2% in the 1st quarter. Deane Retirement Strategies Inc. now owns 39,930 shares of the oil and gas company’s stock worth $4,747,000 after purchasing an additional 1,969 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its position in shares of Exxon Mobil by 9.6% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 36,110 shares of the oil and gas company’s stock worth $4,295,000 after purchasing an additional 3,167 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $104.97 on Tuesday. The stock has a 50-day simple moving average of $105.14 and a two-hundred day simple moving average of $108.90. The firm has a market capitalization of $452.36 billion, a P/E ratio of 13.39, a PEG ratio of 3.02 and a beta of 0.49. 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.

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, beating 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 analyst estimates of $86.11 billion. During the same quarter last year, the business posted $2.06 EPS. The company’s revenue was up .1% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Piper Sandler cut Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank lowered their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Mizuho lowered their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil 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.