Exxon Mobil Corporation (NYSE:XOM) Shares Acquired by Saxon Interests Inc.

Saxon Interests Inc. increased its stake in Exxon Mobil Corporation (NYSE:XOM) by 1.0% during the first quarter, HoldingsChannel.com reports. The fund owned 30,059 shares of the oil and gas company’s stock after buying an additional 308 shares during the period. Exxon Mobil makes up approximately 1.7% of Saxon Interests Inc.’s holdings, making the stock its 12th biggest position. Saxon Interests Inc.’s holdings in Exxon Mobil were worth $3,575,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Tallon Kerry Patrick acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $789,000. SOA Wealth Advisors LLC. grew its stake in Exxon Mobil by 29.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company’s stock valued at $753,000 after purchasing an additional 1,595 shares in the last quarter. Proficio Capital Partners LLC grew its stake in Exxon Mobil by 13,899.5% in the fourth quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company’s stock valued at $1,963,000 after purchasing an additional 1,875,320 shares in the last quarter. Garrett Wealth Advisory Group LLC grew its stake in Exxon Mobil by 4.1% in the fourth quarter. Garrett Wealth Advisory Group LLC now owns 41,562 shares of the oil and gas company’s stock valued at $4,471,000 after purchasing an additional 1,629 shares in the last quarter. Finally, Lanham O Dell & Company Inc. purchased a new position in Exxon Mobil in the fourth quarter valued at about $227,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 1.6%

Exxon Mobil stock opened at $111.02 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The business’s 50-day simple moving average is $107.17 and its 200-day simple moving average is $108.45. The firm has a market capitalization of $478.46 billion, a PE ratio of 14.72, a PEG ratio of 2.12 and a beta of 0.50. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $2.06 earnings per share. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.57%. Exxon Mobil’s payout ratio is presently 52.52%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. TD Cowen boosted their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Mizuho cut their price objective 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. Piper Sandler raised their price objective on shares of Exxon Mobil from $125.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $125.40.

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.