Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Richardson Financial Services Inc.

Richardson Financial Services Inc. boosted its position in Exxon Mobil Co. (NYSE:XOM) by 10.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,785 shares of the oil and gas company’s stock after purchasing an additional 360 shares during the period. Richardson Financial Services Inc.’s holdings in Exxon Mobil were worth $440,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in Exxon Mobil by 5.5% during the 1st quarter. Signaturefd LLC now owns 81,033 shares of the oil and gas company’s stock valued at $9,419,000 after purchasing an additional 4,203 shares during the period. Catalina Capital Group LLC raised its stake in Exxon Mobil by 270.8% during the 1st quarter. Catalina Capital Group LLC now owns 13,614 shares of the oil and gas company’s stock valued at $1,582,000 after purchasing an additional 9,942 shares during the period. TFB Advisors LLC acquired a new stake in Exxon Mobil during the 1st quarter valued at $521,000. Mediolanum International Funds Ltd acquired a new stake in Exxon Mobil during the 1st quarter valued at $77,838,000. Finally, RIA Advisory Group LLC acquired a new stake in Exxon Mobil during the 1st quarter valued at $1,332,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on XOM shares. Scotiabank upped their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. HSBC upped their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Barclays dropped their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday. Piper Sandler upped their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Finally, Wells Fargo & Company upped their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $134.41.

Exxon Mobil Stock Performance

XOM stock traded up $0.53 during mid-day trading on Thursday, reaching $112.45. 5,652,528 shares of the stock traded hands, compared to its average volume of 17,907,631. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The business has a 50-day moving average of $114.28 and a two-hundred day moving average of $110.32. The firm has a market capitalization of $443.39 billion, a PE ratio of 13.87, a P/E/G ratio of 4.07 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.83 EPS. As a group, equities analysts predict that Exxon Mobil Co. will post 9.18 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

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.