Allen Mooney & Barnes Investment Advisors LLC Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Allen Mooney & Barnes Investment Advisors LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 161,230 shares of the oil and gas company's stock after acquiring an additional 5,605 shares during the quarter. Exxon Mobil comprises approximately 3.1% of Allen Mooney & Barnes Investment Advisors LLC's portfolio, making the stock its 4th biggest holding. Allen Mooney & Barnes Investment Advisors LLC's holdings in Exxon Mobil were worth $19,175,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Quantinno Capital Management LP increased its holdings in shares of Exxon Mobil by 24.1% in the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after purchasing an additional 110,772 shares during the period. Accredited Wealth Management LLC bought a new position in Exxon Mobil in the 4th quarter worth about $55,000. Renasant Bank raised its holdings in shares of Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after acquiring an additional 493 shares in the last quarter. Paradigm Capital Management LLC NV boosted its position in shares of Exxon Mobil by 1.6% during the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock valued at $1,532,000 after acquiring an additional 227 shares during the last quarter. Finally, University of Texas Texas AM Investment Management Co. grew its holdings in shares of Exxon Mobil by 2,334.5% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 36,226 shares of the oil and gas company's stock worth $3,897,000 after purchasing an additional 34,738 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent analyst reports. UBS Group lowered their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Scotiabank dropped their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Piper Sandler lowered Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Trading Up 2.1%

Shares of NYSE:XOM traded up $2.33 during midday trading on Friday, hitting $112.06. 28,512,903 shares of the stock traded hands, compared to its average volume of 15,687,104. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business's 50 day moving average is $105.28 and its two-hundred day moving average is $108.82. The stock has a market capitalization of $482.95 billion, a PE ratio of 14.29, a P/E/G ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS 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 analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm's revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

Exxon Mobil 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.