SWS Partners Increases Stake in Exxon Mobil Corporation $XOM

SWS Partners increased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,142 shares of the oil and gas company’s stock after buying an additional 105 shares during the period. SWS Partners’ holdings in Exxon Mobil were worth $374,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Quantinno Capital Management LP raised its holdings in Exxon Mobil by 24.1% during the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock worth $61,332,000 after purchasing an additional 110,772 shares in the last quarter. Journey Strategic Wealth LLC raised its stake in Exxon Mobil by 6.7% during the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company’s stock worth $2,608,000 after acquiring an additional 1,379 shares in the last quarter. Legacy Trust lifted its position in Exxon Mobil by 12.7% in the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company’s stock valued at $1,054,000 after acquiring an additional 997 shares during the last quarter. Hartford Funds Management Co LLC boosted its stake in Exxon Mobil by 51.8% in the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company’s stock valued at $912,000 after acquiring an additional 2,617 shares in the last quarter. Finally, Phoenix Financial Ltd. grew its holdings in shares of Exxon Mobil by 23.9% during the first quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company’s stock worth $11,561,000 after purchasing an additional 18,752 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on XOM shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. TD Cowen increased their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Piper Sandler upped their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Finally, Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $124.81.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $112.45 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a 50 day simple moving average of $110.55 and a 200-day simple moving average of $109.13. The company has a market cap of $479.39 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.Exxon Mobil’s revenue was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.14 earnings per share. On average, equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s payout ratio is 56.25%.

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.