Dover Advisors LLC Purchases 11,211 Shares of Exxon Mobil Co. (NYSE:XOM)

Dover Advisors LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 68.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 27,652 shares of the oil and gas company's stock after acquiring an additional 11,211 shares during the period. Exxon Mobil accounts for 1.4% of Dover Advisors LLC's portfolio, making the stock its 13th largest position. Dover Advisors LLC's holdings in Exxon Mobil were worth $3,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Tallon Kerry Patrick acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $789,000. Union Bancaire Privee UBP SA bought a new stake in Exxon Mobil in the 4th quarter valued at $48,348,000. SOA Wealth Advisors LLC. boosted its stake in Exxon Mobil by 29.5% in the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock worth $753,000 after purchasing an additional 1,595 shares during the period. Peterson Wealth Services increased its holdings in Exxon Mobil by 5.2% during the 4th quarter. Peterson Wealth Services now owns 22,105 shares of the oil and gas company's stock worth $2,378,000 after purchasing an additional 1,097 shares in the last quarter. Finally, Strengthening Families & Communities LLC raised its stake in shares of Exxon Mobil by 4.2% in the 4th quarter. Strengthening Families & Communities LLC now owns 31,957 shares of the oil and gas company's stock valued at $3,438,000 after purchasing an additional 1,297 shares during the period. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM stock traded down $0.06 on Monday, hitting $112.06. The company's stock had a trading volume of 7,489,417 shares, compared to its average volume of 15,661,327. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. 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 stock's 50 day moving average is $105.51 and its 200-day moving average is $108.66. The company has a market capitalization of $482.96 billion, a PE ratio of 14.29, a PEG ratio of 3.02 and a beta of 0.49.

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, beating analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm's quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business earned $2.06 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research reports. Mizuho decreased their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. UBS Group cut their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank lowered their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Finally, Piper Sandler cut Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. 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 given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.