MassMutual Private Wealth & Trust FSB Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

MassMutual Private Wealth & Trust FSB boosted its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 5.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 147,054 shares of the oil and gas company's stock after buying an additional 8,221 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Exxon Mobil were worth $17,489,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in XOM. 10Elms LLP bought a new position in shares of Exxon Mobil in the fourth quarter worth about $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter worth about $32,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil in the fourth quarter worth about $36,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $47,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded down $0.61 during trading on Friday, reaching $102.08. The stock had a trading volume of 28,636,718 shares, compared to its average volume of 15,602,441. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The business has a fifty day moving average price of $107.24 and a 200-day moving average price of $109.90. The stock has a market cap of $439.93 billion, a PE ratio of 13.02, a PEG ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34.

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

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.88%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on XOM shares. HSBC dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a report on Friday, January 31st. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Mizuho lowered their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Scotiabank reduced their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Finally, Argus raised shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

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.