Fiduciary Family Office LLC Raises Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Fiduciary Family Office LLC increased its stake in Exxon Mobil by 147.3%, acquiring 3,624 additional shares, bringing its total holdings to 6,085 shares valued at $724,000.
• Exxon Mobil reported $1.64 earnings per share for the last quarter, exceeding analyst expectations of $1.47, despite a 12.4% year-over-year decline in revenue.
• The company announced a quarterly dividend of $0.99 per share, equating to an annualized yield of 3.7%, with the ex-dividend date set for August 15th.

Fiduciary Family Office LLC raised its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 147.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,085 shares of the oil and gas company's stock after buying an additional 3,624 shares during the period. Fiduciary Family Office LLC's holdings in Exxon Mobil were worth $724,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. 10Elms LLP bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil during the 1st quarter valued at about $29,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $32,000. Cloud Capital Management LLC bought a new stake in shares of Exxon Mobil during the 1st quarter valued at about $45,000. Finally, Clarity Asset Management Inc. boosted its position in shares of 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 valued at $47,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 0.9%

Shares of Exxon Mobil stock traded down $0.93 on Monday, hitting $105.87. The company had a trading volume of 13,564,288 shares, compared to its average volume of 15,592,594. The stock has a market capitalization of $451.35 billion, a price-to-earnings ratio of 15.04, a P/E/G ratio of 2.01 and a beta of 0.53. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The stock has a 50 day moving average of $109.94 and a 200-day moving average of $108.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company's quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.14 earnings per share. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

Analyst Ratings Changes

XOM has been the topic of several research analyst reports. Piper Sandler upped their target price on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, TD Cowen upped their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $125.26.

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.