Exxon Mobil Corporation (NYSE:XOM) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC lifted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 7.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,043 shares of the oil and gas company's stock after purchasing an additional 4,654 shares during the period. Ballentine Partners LLC's holdings in Exxon Mobil were worth $7,854,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in XOM. Stillwater Wealth Management Group lifted its stake in Exxon Mobil by 7.8% in the first quarter. Stillwater Wealth Management Group now owns 28,339 shares of the oil and gas company's stock worth $3,370,000 after acquiring an additional 2,040 shares during the last quarter. Rational Advisors Inc. lifted its stake in Exxon Mobil by 7.8% in the first quarter. Rational Advisors Inc. now owns 9,049 shares of the oil and gas company's stock worth $1,076,000 after acquiring an additional 651 shares during the last quarter. SkyOak Wealth LLC lifted its stake in Exxon Mobil by 19.9% in the first quarter. SkyOak Wealth LLC now owns 4,865 shares of the oil and gas company's stock worth $579,000 after acquiring an additional 809 shares during the last quarter. ARK & TLK Investments LLC lifted its stake in Exxon Mobil by 3.9% in the first quarter. ARK & TLK Investments LLC now owns 16,664 shares of the oil and gas company's stock worth $1,982,000 after acquiring an additional 623 shares during the last quarter. Finally, Riversedge Advisors LLC lifted its stake in Exxon Mobil by 88.2% in the first quarter. Riversedge Advisors LLC now owns 3,606 shares of the oil and gas company's stock worth $429,000 after acquiring an additional 1,690 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $115.40 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The stock has a market capitalization of $497.33 billion, a P/E ratio of 15.31, a P/E/G ratio of 2.22 and a beta of 0.50. The company's fifty day moving average is $108.01 and its two-hundred day moving average is $108.79. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the previous year, the company posted $2.06 EPS. Exxon Mobil's revenue was up .1% compared to the same quarter last year. On average, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business 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. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.43%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Piper Sandler lifted their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. TD Cowen boosted their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Scotiabank boosted 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. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $126.05.

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.

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