Ferguson Wellman Capital Management Inc. Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Ferguson Wellman Capital Management Inc. boosted its position in Exxon Mobil Co. (NYSE:XOM) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,487 shares of the oil and gas company’s stock after purchasing an additional 352 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Exxon Mobil were worth $6,809,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Your Advocates Ltd. LLP boosted its position in shares of Exxon Mobil by 0.7% in the first quarter. Your Advocates Ltd. LLP now owns 12,178 shares of the oil and gas company’s stock worth $1,335,000 after buying an additional 86 shares during the period. Murphy Middleton Hinkle & Parker Inc. lifted its position in Exxon Mobil by 0.8% during the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,282 shares of the oil and gas company’s stock worth $1,237,000 after acquiring an additional 87 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Exxon Mobil by 1.4% in the first quarter. Revolve Wealth Partners LLC now owns 6,555 shares of the oil and gas company’s stock valued at $719,000 after acquiring an additional 92 shares in the last quarter. Rosenberg Matthew Hamilton raised its stake in shares of Exxon Mobil by 1.2% during the first quarter. Rosenberg Matthew Hamilton now owns 8,259 shares of the oil and gas company’s stock valued at $906,000 after purchasing an additional 95 shares during the period. Finally, Darwin Wealth Management LLC lifted its position in shares of Exxon Mobil by 2.3% during the first quarter. Darwin Wealth Management LLC now owns 4,283 shares of the oil and gas company’s stock worth $491,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on XOM. Mizuho boosted their price objective on shares of Exxon Mobil from $131.00 to $139.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley increased their price target on Exxon Mobil from $121.00 to $124.00 and gave the company an “overweight” rating in a report on Friday, August 18th. Piper Sandler cut their target price on Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. HSBC raised their price target on shares of Exxon Mobil from $110.00 to $116.00 in a research report on Wednesday, August 9th. Finally, StockNews.com started coverage on shares of Exxon Mobil in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $123.78.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, Director Jeffrey W. Ubben purchased 458,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were purchased at an average cost of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the transaction, the director now owns 1,635,000 shares in the company, valued at $174,830,550. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Darrin L. Talley sold 1,500 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the transaction, the vice president now directly owns 27,772 shares of the company’s stock, valued at $3,193,780. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey W. Ubben purchased 458,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were purchased at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the acquisition, the director now directly owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Up 0.8 %

XOM opened at $117.69 on Tuesday. The stock’s 50 day moving average price is $108.65 and its 200 day moving average price is $108.49. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The stock has a market cap of $471.14 billion, a P/E ratio of 9.42, a P/E/G ratio of 0.61 and a beta of 1.08. Exxon Mobil Co. has a 12 month low of $83.89 and a 12 month high of $119.92.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.06). Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The company had revenue of $82.91 billion during the quarter, compared to analyst estimates of $81.80 billion. During the same period in the previous year, the company earned $4.14 EPS. The business’s revenue for the quarter was down 28.3% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Co. will post 8.94 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 29.12%.

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.