Davis R M Inc. Has $48.38 Million Stock Holdings in Exxon Mobil Corporation $XOM

Davis R M Inc. lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 448,795 shares of the oil and gas company’s stock after purchasing an additional 3,441 shares during the quarter. Davis R M Inc.’s holdings in Exxon Mobil were worth $48,380,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Altman Advisors Inc. lifted its holdings in shares of Exxon Mobil by 1.2% in the second quarter. Altman Advisors Inc. now owns 19,166 shares of the oil and gas company’s stock valued at $2,094,000 after purchasing an additional 235 shares in the last quarter. Fountainhead AM LLC boosted its holdings in shares of Exxon Mobil by 8.1% in the 2nd quarter. Fountainhead AM LLC now owns 7,830 shares of the oil and gas company’s stock valued at $844,000 after buying an additional 584 shares during the last quarter. Compass Capital Management Inc. bought a new position in shares of Exxon Mobil in the 2nd quarter valued at about $827,000. Fidelis Capital Partners LLC grew its holdings in Exxon Mobil by 0.6% during the second quarter. Fidelis Capital Partners LLC now owns 90,994 shares of the oil and gas company’s stock worth $9,692,000 after purchasing an additional 513 shares during the period. Finally, Roberts Glore & Co. Inc. IL boosted its stake in shares of Exxon Mobil by 1.0% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 24,323 shares of the oil and gas company’s stock worth $2,622,000 after acquiring an additional 229 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $117.19 on Monday. 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 company has a market cap of $494.19 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The company has a 50 day moving average of $113.45 and a 200-day moving average of $110.30. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21.

Exxon Mobil (NYSE:XOM) last announced 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 net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion for the quarter. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.03 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s payout ratio is presently 59.88%.

Wall Street Analyst Weigh In

XOM has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. UBS Group lifted their target price on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Wells Fargo & Company began coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They issued an “overweight” rating and a $156.00 target price for the company. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a research report on Tuesday, October 7th. Finally, Barclays dropped their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.50.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

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.