Ferguson Wellman Capital Management Inc. Buys 9,065 Shares of Exxon Mobil Co. (NYSE:XOM)

Ferguson Wellman Capital Management Inc. boosted its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 216,031 shares of the oil and gas company's stock after acquiring an additional 9,065 shares during the quarter. Ferguson Wellman Capital Management Inc.'s holdings in Exxon Mobil were worth $25,693,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 10Elms LLP purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil in the 4th quarter worth about $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $32,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil in the fourth quarter worth $47,000. Finally, Synergy Investment Management LLC purchased a new position in Exxon Mobil in the 4th quarter worth $47,000. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Mizuho cut their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Royal Bank of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank dropped their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Finally, Piper Sandler lowered Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Stock Up 2.1%

Shares of NYSE:XOM traded up $2.33 during trading hours on Friday, reaching $112.06. The stock had a trading volume of 28,512,903 shares, compared to its average volume of 15,687,104. The stock has a market capitalization of $482.95 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm's 50 day moving average is $105.28 and its 200-day moving average is $108.82.

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. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. Exxon Mobil's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.06 earnings per share. Research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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