Fermata Advisors LLC Increases Stake in Exxon Mobil Co. (NYSE:XOM)

Fermata Advisors LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 36.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 11,066 shares of the oil and gas company’s stock after acquiring an additional 2,950 shares during the period. Fermata Advisors LLC’s holdings in Exxon Mobil were worth $1,316,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. HF Advisory Group LLC grew its position in shares of Exxon Mobil by 16.5% in the 1st quarter. HF Advisory Group LLC now owns 22,642 shares of the oil and gas company’s stock worth $2,693,000 after buying an additional 3,210 shares during the period. Warren Street Wealth Advisors LLC grew its holdings in Exxon Mobil by 18.1% in the first quarter. Warren Street Wealth Advisors LLC now owns 3,715 shares of the oil and gas company’s stock worth $442,000 after purchasing an additional 569 shares during the period. Lifestyle Asset Management Inc. grew its holdings in Exxon Mobil by 2.3% in the first quarter. Lifestyle Asset Management Inc. now owns 62,230 shares of the oil and gas company’s stock worth $7,401,000 after purchasing an additional 1,416 shares during the period. Matrix Trust Co grew its stake in shares of Exxon Mobil by 4.2% in the 1st quarter. Matrix Trust Co now owns 23,122 shares of the oil and gas company’s stock worth $2,750,000 after buying an additional 942 shares during the last quarter. Finally, Johnson & White Wealth Management LLC grew its stake in shares of Exxon Mobil by 2.1% in the 1st quarter. Johnson & White Wealth Management LLC now owns 12,268 shares of the oil and gas company’s stock worth $1,459,000 after buying an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 1.4%

Shares of NYSE:XOM opened at $102.33 on Thursday. The stock has a market capitalization of $441.01 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock’s 50-day simple moving average is $106.06 and its two-hundred day simple moving average is $109.42. Exxon Mobil Co. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 9.63% and a return on equity of 12.92%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.06 earnings per share. Analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on XOM shares. Scotiabank cut their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Finally, UBS Group cut their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $125.50.

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.