Exxon Mobil Co. (NYSE:XOM) Position Lifted by Moseley Investment Management Inc.

Moseley Investment Management Inc. boosted its position in Exxon Mobil Co. (NYSE:XOM) by 20.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,587 shares of the oil and gas company’s stock after buying an additional 939 shares during the period. Moseley Investment Management Inc.’s holdings in Exxon Mobil were worth $643,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in Exxon Mobil in the first quarter worth about $25,000. First Pacific Financial bought a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $34,000. Partnership Wealth Management LLC acquired a new position in Exxon Mobil during the 4th quarter valued at approximately $46,000. Lynx Investment Advisory bought a new position in Exxon Mobil during the 2nd quarter worth $47,000. Finally, Vima LLC acquired a new stake in Exxon Mobil in the fourth quarter worth $50,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of several recent research reports. 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 report on Thursday, April 18th. Morgan Stanley restated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Mizuho lifted their price target on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. UBS Group increased their price objective on Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Finally, TD Cowen lifted their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $134.39.

Exxon Mobil Price Performance

Shares of XOM traded down $0.04 during mid-day trading on Thursday, hitting $118.91. The company’s stock had a trading volume of 6,120,461 shares, compared to its average volume of 17,231,117. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The firm has a 50-day moving average price of $114.49 and a 200 day moving average price of $113.19. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The stock has a market capitalization of $468.86 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 4.51 and a beta of 0.91.

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, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the previous year, the business posted $1.94 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.