Exxon Mobil Corporation (NYSE:XOM) Shares Bought by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,369 shares of the oil and gas company's stock after acquiring an additional 2,788 shares during the quarter. Greatmark Investment Partners Inc.'s holdings in Exxon Mobil were worth $5,039,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. 10Elms LLP acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $25,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the fourth quarter valued at $32,000. Cloud Capital Management LLC purchased a new position in shares of Exxon Mobil during the first quarter worth about $45,000. Clarity Asset Management Inc. increased its position in shares of Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 100 shares in the last quarter. Finally, ZynergyRetirementPlanningLLC boosted its position in shares of Exxon Mobil by 29.2% in the 1st quarter. ZynergyRetirementPlanningLLC now owns 443 shares of the oil and gas company's stock valued at $53,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

XOM has been the topic of several research analyst reports. Morgan Stanley cut their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Piper Sandler upped their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Scotiabank raised their price objective on shares of Exxon Mobil from $115.00 to $125.00 and gave the stock a "sector outperform" rating in a research report on Friday. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Mizuho decreased 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 note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.05.

Exxon Mobil Trading Up 0.4%

Shares of Exxon Mobil stock opened at $115.40 on Monday. The company has a 50-day moving average of $108.01 and a two-hundred day moving average of $108.81. The stock has a market cap of $497.33 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month 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 for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil's quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the business posted $2.06 EPS. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

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.

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