13,329 Shares in Exxon Mobil Corporation (NYSE:XOM) Acquired by Donoghue Forlines LLC

Key Points

• Donoghue Forlines LLC has acquired a new stake in Exxon Mobil Corporation worth approximately $1.59 million, purchasing 13,329 shares during the first quarter.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, yielding around 3.7%, with the payment set for September 10th.
• Analysts have varying ratings on Exxon Mobil, with an average target price of $125.26, reflecting an overall "Hold" rating among several brokerage assessments.

Donoghue Forlines LLC bought a new position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,329 shares of the oil and gas company's stock, valued at approximately $1,585,000.

Several other large investors have also added to or reduced their stakes in XOM. 10Elms LLP bought a new position in shares of Exxon Mobil during the 4th quarter worth about $25,000. Graybill Wealth Management LTD. bought a new position in shares of Exxon Mobil during the 1st quarter worth about $29,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth about $32,000. Cloud Capital Management LLC bought a new position in shares of Exxon Mobil during the 1st quarter worth about $45,000. Finally, Clarity Asset Management Inc. boosted its position in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on XOM. TD Cowen increased their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Mizuho lowered their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Morgan Stanley upped their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Piper Sandler upped their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $125.26.

Exxon Mobil Stock Up 0.3%

NYSE:XOM traded up $0.27 on Tuesday, hitting $106.10. The stock had a trading volume of 14,104,424 shares, compared to its average volume of 16,789,721. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a market cap of $452.33 billion, a P/E ratio of 15.07, a price-to-earnings-growth ratio of 2.01 and a beta of 0.53. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The firm's fifty day simple moving average is $109.94 and its two-hundred day simple moving average is $108.94.

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

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio is currently 56.25%.

About Exxon Mobil

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.