Coordinated Financial Services Inc. CO Acquires Shares of 4,462 Exxon Mobil Corporation $XOM

Key Points

• Coordinated Financial Services Inc. invested approximately $531,000 in Exxon Mobil by purchasing 4,462 shares during the first quarter of the year.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, representing a 3.6% dividend yield and a payout ratio of 56.25%.
• Shares of Exxon Mobil are currently down 2.8% and the company has a market cap of $465.66 billion with a price-to-earnings ratio of 15.52.

Coordinated Financial Services Inc. CO bought a new stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,462 shares of the oil and gas company's stock, valued at approximately $531,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Axis Wealth Partners LLC boosted its position in Exxon Mobil by 1.9% during the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after purchasing an additional 93 shares during the last quarter. Gagnon Securities LLC raised its holdings in Exxon Mobil by 1.3% during the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock valued at $860,000 after buying an additional 95 shares in the last quarter. Ascent Capital Management LLC raised its holdings in Exxon Mobil by 2.0% during the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock valued at $584,000 after buying an additional 96 shares in the last quarter. DDD Partners LLC raised its holdings in Exxon Mobil by 1.4% during the first quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock valued at $810,000 after buying an additional 96 shares in the last quarter. Finally, Waypoint Wealth Partners Inc. raised its holdings in Exxon Mobil by 2.1% during the first quarter. Waypoint Wealth Partners Inc. now owns 4,672 shares of the oil and gas company's stock valued at $556,000 after buying an additional 96 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

XOM traded up $0.74 on Monday, hitting $109.97. 15,437,960 shares of the stock traded hands, compared to its average volume of 14,212,491. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $468.82 billion, a PE ratio of 15.62, a P/E/G ratio of 2.04 and a beta of 0.57. The business has a fifty day moving average price of $110.49 and a two-hundred day moving average price of $109.09.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same period in the previous year, the company posted $2.14 earnings per share. The company's quarterly revenue was down 12.4% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil's payout ratio is currently 56.25%.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent research reports. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Piper Sandler raised their target price on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Melius Research initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $125.00.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is owned by corporate insiders.

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.