HM Payson & Co. Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

HM Payson & Co. raised its stake in Exxon Mobil Co. (NYSE:XOM) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 342,571 shares of the oil and gas company’s stock after purchasing an additional 5,737 shares during the quarter. HM Payson & Co.’s holdings in Exxon Mobil were worth $40,156,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of XOM. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil during the first quarter worth $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil during the second quarter worth $35,000. Anfield Capital Management LLC raised its holdings in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new position in Exxon Mobil during the second quarter worth $39,000. Finally, POM Investment Strategies LLC raised its holdings in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM stock opened at $114.98 on Friday. The stock has a 50-day moving average price of $117.67 and a two-hundred day moving average price of $116.36. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market cap of $453.35 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 4.83 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the previous year, the business earned $1.94 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Co. will post 8.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XOM. Wolfe Research lifted their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. Truist Financial cut their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. Wells Fargo & Company boosted their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Barclays cut their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $130.37.

About Exxon Mobil

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.