Blackston Financial Advisory Group LLC Purchases 1,233 Shares of Exxon Mobil Co. (NYSE:XOM)

Blackston Financial Advisory Group LLC grew its position in Exxon Mobil Co. (NYSE:XOM) by 13.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,098 shares of the oil and gas company’s stock after acquiring an additional 1,233 shares during the period. Exxon Mobil accounts for 0.6% of Blackston Financial Advisory Group LLC’s portfolio, making the stock its 26th largest holding. Blackston Financial Advisory Group LLC’s holdings in Exxon Mobil were worth $1,201,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Quantinno Capital Management LP lifted its position in Exxon Mobil by 24.1% during the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock worth $61,332,000 after buying an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $55,000. Legacy Trust lifted its position in shares of Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company’s stock worth $1,054,000 after purchasing an additional 997 shares in the last quarter. Renasant Bank grew its stake in shares of Exxon Mobil by 5.0% during the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock valued at $1,115,000 after purchasing an additional 493 shares during the last quarter. Finally, Paradigm Capital Management LLC NV increased its holdings in shares of Exxon Mobil by 1.6% in the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company’s stock valued at $1,532,000 after purchasing an additional 227 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on XOM. Mizuho reduced their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Piper Sandler cut Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Finally, Morgan Stanley cut their target price 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Stock Up 0.3%

Shares of Exxon Mobil stock opened at $112.48 on Tuesday. The company has a market capitalization of $484.73 billion, a P/E ratio of 14.35, 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 current ratio of 1.31 and a quick ratio of 0.97. The business has a 50-day moving average of $105.75 and a two-hundred day moving average of $108.62. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted 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 analysts’ expectations of $86.11 billion. During the same period in the prior year, the business earned $2.06 EPS. Exxon Mobil’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. Exxon Mobil’s payout ratio is 52.52%.

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.