Telos Capital Management Inc. Has $3.31 Million Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Telos Capital Management Inc. grew its position in Exxon Mobil Corporation (NYSE:XOM) by 34.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,861 shares of the oil and gas company’s stock after buying an additional 7,147 shares during the quarter. Telos Capital Management Inc.’s holdings in Exxon Mobil were worth $3,314,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its position in shares of Exxon Mobil by 35.3% in the fourth quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company’s stock worth $1,963,000 after purchasing an additional 4,760 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Exxon Mobil by 58.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 147,833 shares of the oil and gas company’s stock valued at $15,902,000 after acquiring an additional 54,511 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Exxon Mobil during the fourth quarter valued at approximately $8,588,000. Thompson Siegel & Walmsley LLC raised its position in Exxon Mobil by 0.9% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 52,678 shares of the oil and gas company’s stock valued at $5,667,000 after acquiring an additional 487 shares in the last quarter. Finally, Whitegate Investment Counselors Inc. raised its position in Exxon Mobil by 3.1% during the fourth quarter. Whitegate Investment Counselors Inc. now owns 6,956 shares of the oil and gas company’s stock valued at $748,000 after acquiring an additional 210 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 0.4%

Shares of XOM stock opened at $115.40 on Friday. The firm has a market capitalization of $497.33 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The firm’s fifty day simple moving average is $108.01 and its 200 day simple moving average is $108.78. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

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

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.43%. Exxon Mobil’s dividend payout ratio is 52.52%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Morgan Stanley cut their price objective 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. Piper Sandler raised their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Scotiabank raised their price objective on shares of Exxon Mobil from $115.00 to $125.00 and gave the company a “sector outperform” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.05.

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.