First Business Financial Services Inc. Acquires 1,378 Shares of Exxon Mobil Corporation (NYSE:XOM)

First Business Financial Services Inc. increased its holdings in Exxon Mobil Corporation (NYSE:XOM) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,024 shares of the oil and gas company’s stock after purchasing an additional 1,378 shares during the quarter. First Business Financial Services Inc.’s holdings in Exxon Mobil were worth $3,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of XOM. 10Elms LLP bought a new stake in Exxon Mobil during the 4th quarter valued at approximately $25,000. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil during the 1st quarter valued at approximately $29,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil during the 4th quarter valued at approximately $32,000. Cloud Capital Management LLC bought a new stake in Exxon Mobil during the 1st quarter valued at approximately $45,000. Finally, Clarity Asset Management Inc. boosted its position in Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 100 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of analyst reports. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Mizuho dropped their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. TD Cowen boosted their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Piper Sandler boosted their price target on Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Finally, UBS Group dropped their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $126.05.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $112.90 on Wednesday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The firm has a market cap of $486.56 billion, a P/E ratio of 14.97, a PEG ratio of 2.18 and a beta of 0.50. The company has a 50 day moving average of $108.39 and a 200 day moving average of $108.89. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. 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 business earned $2.06 EPS. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders 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 annualized dividend and a dividend yield of 3.51%. 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.