Diversified Trust Co. Purchases 12,076 Shares of ExxonMobil Corporation $XOM

Key Points

• Diversified Trust Co. increased its ExxonMobil stake by 9.1% in the second quarter, purchasing 12,076 shares to bring its holdings to 144,820 shares valued at approximately $19.8 million. Institutional investors and hedge funds own 61.8% of XOM.
• Analyst sentiment remains mixed, with 10 analysts rating ExxonMobil a Buy and 13 a Hold. The consensus rating is Hold, with an average price target of $163.29.
• ExxonMobil reported quarterly revenue of $114.53 billion, exceeding estimates, but earnings per share of $3.52 narrowly missed expectations. The company also declared a quarterly dividend of $1.03, representing a 2.6% annualized yield.

Diversified Trust Co. raised its position in ExxonMobil Corporation (NYSE:XOM - Free Report) by 9.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 144,820 shares of the oil and gas company's stock after purchasing an additional 12,076 shares during the period. Diversified Trust Co.'s holdings in ExxonMobil were worth $19,800,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Assetmark Inc. lifted its holdings in shares of ExxonMobil by 8.3% in the first quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company's stock valued at $83,525,000 after purchasing an additional 37,666 shares in the last quarter. Charles Schwab Trust Co grew its holdings in shares of ExxonMobil by 392.9% during the second quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company's stock worth $16,710,000 after buying an additional 97,424 shares in the last quarter. Sanctuary Advisors LLC raised its position in ExxonMobil by 2.3% in the 4th quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company's stock valued at $126,166,000 after buying an additional 23,668 shares during the last quarter. Midwest Trust Co lifted its stake in ExxonMobil by 3.9% in the 1st quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company's stock valued at $120,623,000 after acquiring an additional 26,411 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its stake in ExxonMobil by 2.4% in the 4th quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company's stock valued at $200,366,000 after acquiring an additional 38,492 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research reports. Weiss Ratings raised shares of ExxonMobil from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, August 4th. Freedom Capital raised shares of ExxonMobil from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Barclays increased their target price on shares of ExxonMobil from $163.00 to $182.00 and gave the stock an "overweight" rating in a report on Tuesday, May 26th. Piper Sandler initiated coverage on shares of ExxonMobil in a research note on Thursday, July 23rd. They issued a "neutral" rating and a $158.00 price target on the stock. Finally, Wolfe Research lowered shares of ExxonMobil from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, April 21st. Ten equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, ExxonMobil has a consensus rating of "Hold" and an average price target of $163.29.

ExxonMobil Stock Performance

Shares of NYSE XOM opened at $158.78 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. ExxonMobil Corporation has a 12 month low of $105.67 and a 12 month high of $176.41. The stock has a 50 day moving average of $146.80 and a 200-day moving average of $150.38. The company has a market capitalization of $658.13 billion, a P/E ratio of 20.43, a P/E/G ratio of 0.63 and a beta of 0.17.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The business had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter last year, the company posted $1.64 EPS. As a group, equities research analysts predict that ExxonMobil Corporation will post 11.86 EPS for the current year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be given a $1.03 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil's dividend payout ratio is presently 53.02%.

ExxonMobil Company Profile

ExxonMobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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