VestGen Advisors LLC Purchases 3,754 Shares of Exxon Mobil Corporation $XOM

VestGen Advisors LLC increased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 9.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,286 shares of the oil and gas company’s stock after acquiring an additional 3,754 shares during the period. VestGen Advisors LLC’s holdings in Exxon Mobil were worth $4,771,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Trustmark Bank Trust Department raised its holdings in shares of Exxon Mobil by 1.7% during the 2nd quarter. Trustmark Bank Trust Department now owns 67,511 shares of the oil and gas company’s stock worth $7,278,000 after buying an additional 1,155 shares in the last quarter. Martin & Co. Inc. TN grew its position in Exxon Mobil by 1.8% in the second quarter. Martin & Co. Inc. TN now owns 27,260 shares of the oil and gas company’s stock valued at $2,939,000 after acquiring an additional 471 shares during the last quarter. Aspire Growth Partners LLC raised its stake in Exxon Mobil by 9.8% during the second quarter. Aspire Growth Partners LLC now owns 14,964 shares of the oil and gas company’s stock worth $1,613,000 after acquiring an additional 1,336 shares in the last quarter. West Family Investments Inc. lifted its holdings in shares of Exxon Mobil by 87.9% in the second quarter. West Family Investments Inc. now owns 25,298 shares of the oil and gas company’s stock worth $2,727,000 after acquiring an additional 11,833 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of Exxon Mobil by 12.2% in the 2nd quarter. Schroder Investment Management Group now owns 2,437,493 shares of the oil and gas company’s stock valued at $262,762,000 after purchasing an additional 265,141 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 1.0%

NYSE XOM opened at $115.87 on Friday. The firm has a market capitalization of $488.64 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The business’s 50-day moving average price is $114.84 and its two-hundred day moving average price is $111.36. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $120.81.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion during the quarter. On average, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be given a $1.03 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil’s dividend payout ratio is presently 59.88%.

Analysts Set New Price Targets

A number of research firms recently issued reports on XOM. Bank of America upped their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a research note on Friday, October 17th. They set an “overweight” rating and a $156.00 target price on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Exxon Mobil in a research note on Tuesday. UBS Group raised their price objective on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday, October 13th. Finally, Piper Sandler upped their target price on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $128.67.

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.