Dover Advisors LLC Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Dover Advisors LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 68.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,652 shares of the oil and gas company's stock after purchasing an additional 11,211 shares during the quarter. Exxon Mobil comprises about 1.4% of Dover Advisors LLC's portfolio, making the stock its 13th biggest position. Dover Advisors LLC's holdings in Exxon Mobil were worth $3,289,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. 10Elms LLP purchased a new position in shares of Exxon Mobil in the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the 4th quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the 4th quarter worth $32,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil during the 4th quarter worth about $47,000. Finally, Clarity Asset Management Inc. lifted its position in 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 acquiring an additional 100 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

NYSE XOM traded up $2.33 during trading hours on Friday, reaching $112.06. The company's stock had a trading volume of 28,512,903 shares, compared to its average volume of 15,691,277. The firm has a market capitalization of $482.95 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company's 50-day moving average is $105.51 and its two-hundred day moving average is $108.72.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 12.92% and a net margin of 9.63%. Exxon Mobil's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.06 EPS. On average, equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. Exxon Mobil's payout ratio is 52.52%.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. UBS Group lowered their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Scotiabank lowered their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Piper Sandler cut Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Mizuho lowered their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Morgan Stanley lowered their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

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.