Exxon Mobil Corporation $XOM Shares Purchased by Haverford Trust Co

Key Points

• Haverford Trust Co increased its holdings in Exxon Mobil by 1.8%, owning 140,348 shares valued at approximately $16.7 million as of the end of the most recent quarter.
• Exxon Mobil's quarterly earnings surpassed analysts' expectations with $1.64 earnings per share, exceeding the consensus estimate of $1.47.
• The company recently announced a dividend of $0.99 per share, reflecting an annualized yield of 3.6%, scheduled for payment on September 10th.

Haverford Trust Co lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 140,348 shares of the oil and gas company's stock after buying an additional 2,541 shares during the quarter. Haverford Trust Co's holdings in Exxon Mobil were worth $16,692,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Axis Wealth Partners LLC raised its holdings in shares of Exxon Mobil by 1.9% in the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock worth $591,000 after acquiring an additional 93 shares during the last quarter. Gagnon Securities LLC raised its holdings in Exxon Mobil by 1.3% in the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock valued at $860,000 after acquiring an additional 95 shares during the last quarter. Ascent Capital Management LLC raised its holdings in Exxon Mobil by 2.0% in the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock valued at $584,000 after acquiring an additional 96 shares during the last quarter. DDD Partners LLC raised its holdings in Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock valued at $810,000 after acquiring an additional 96 shares during the last quarter. Finally, Waypoint Wealth Partners Inc. raised its holdings in Exxon Mobil by 2.1% in the 1st quarter. Waypoint Wealth Partners Inc. now owns 4,672 shares of the oil and gas company's stock valued at $556,000 after acquiring an additional 96 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research analyst reports. Mizuho dropped their price objective 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. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Melius initiated coverage on shares of Exxon Mobil in a research report on Wednesday. They set a "hold" rating and a $111.00 target price for the company. Piper Sandler increased their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Wall Street Zen downgraded shares of Exxon Mobil from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Stock Up 1.7%

Shares of Exxon Mobil stock opened at $111.1220 on Friday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The business has a 50-day moving average of $110.24 and a 200-day moving average of $108.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company has a market capitalization of $473.74 billion, a PE ratio of 15.78, a P/E/G ratio of 2.05 and a beta of 0.53.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same quarter last year, the firm earned $2.14 EPS. Exxon Mobil's quarterly revenue was down 12.4% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

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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