Douglas Lane & Associates LLC Has $55.50 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Douglas Lane & Associates LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 466,694 shares of the oil and gas company's stock after acquiring an additional 5,502 shares during the period. Douglas Lane & Associates LLC's holdings in Exxon Mobil were worth $55,504,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. 10Elms LLP bought a new stake in shares of Exxon Mobil during the fourth quarter worth $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $32,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the fourth quarter worth $36,000. Finally, Compass Planning Associates Inc bought a new position in Exxon Mobil in the fourth quarter valued at $47,000. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

XOM has been the subject of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Morgan Stanley lowered their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded up $0.71 during midday trading on Monday, hitting $103.01. The stock had a trading volume of 17,286,652 shares, compared to its average volume of 15,555,130. The company's 50-day moving average price is $106.95 and its 200-day moving average price is $109.62. The company has a market capitalization of $443.95 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.06 EPS. As a group, equities research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio is 52.52%.

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.