Fiduciary Group LLC Sells 611 Shares of Exxon Mobil Co. (NYSE:XOM)

Fiduciary Group LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,108 shares of the oil and gas company’s stock after selling 611 shares during the quarter. Fiduciary Group LLC’s holdings in Exxon Mobil were worth $6,114,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. 1ST Source Bank boosted its position in Exxon Mobil by 6.2% in the 2nd quarter. 1ST Source Bank now owns 62,800 shares of the oil and gas company’s stock valued at $7,230,000 after buying an additional 3,675 shares during the period. CoreCap Advisors LLC purchased a new stake in shares of Exxon Mobil in the second quarter valued at approximately $2,749,000. SYM FINANCIAL Corp grew its stake in Exxon Mobil by 286.4% in the second quarter. SYM FINANCIAL Corp now owns 13,590 shares of the oil and gas company’s stock worth $1,564,000 after purchasing an additional 10,073 shares in the last quarter. Hardin Capital Partners LLC purchased a new position in Exxon Mobil during the 2nd quarter worth $1,975,000. Finally, Darwin Wealth Management LLC bought a new stake in Exxon Mobil during the 2nd quarter valued at $424,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on XOM shares. UBS Group raised their price target on Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Sanford C. Bernstein cut their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Truist Financial cut their price objective on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Finally, Wolfe Research assumed coverage on Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price for the company. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $136.29.

Exxon Mobil Trading Down 0.1 %

Shares of Exxon Mobil stock opened at $111.15 on Monday. The firm’s 50 day simple moving average is $115.66 and its two-hundred day simple moving average is $115.14. The firm has a market capitalization of $438.27 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 4.38 and a beta of 0.90. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 EPS. Analysts predict that Exxon Mobil Co. will post 8.36 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.42%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.