Exxon Mobil Corporation (NYSE:XOM) Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. raised its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 317,351 shares of the oil and gas company's stock after acquiring an additional 13,689 shares during the period. Exxon Mobil makes up 1.1% of First Horizon Advisors Inc.'s portfolio, making the stock its 22nd largest holding. First Horizon Advisors Inc.'s holdings in Exxon Mobil were worth $37,743,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Revisor Wealth Management LLC lifted its holdings in shares of Exxon Mobil by 143.5% in the 1st quarter. Revisor Wealth Management LLC now owns 7,590 shares of the oil and gas company's stock valued at $903,000 after acquiring an additional 4,473 shares during the last quarter. Private Trust Co. NA increased its position in shares of Exxon Mobil by 25.7% during the 1st quarter. Private Trust Co. NA now owns 69,102 shares of the oil and gas company's stock valued at $8,218,000 after purchasing an additional 14,149 shares during the last quarter. Alley Investment Management Company LLC bought a new stake in Exxon Mobil in the first quarter worth $221,000. Equita Financial Network Inc. purchased a new position in Exxon Mobil during the first quarter worth $234,000. Finally, Kanawha Capital Management LLC increased its position in Exxon Mobil by 2.5% during the first quarter. Kanawha Capital Management LLC now owns 146,678 shares of the oil and gas company's stock valued at $17,444,000 after acquiring an additional 3,560 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of several analyst reports. TD Cowen raised their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. UBS Group reduced their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank cut their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Finally, Mizuho decreased their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $125.40.

Exxon Mobil Stock Up 1.0%

NYSE XOM traded up $1.10 on Friday, hitting $112.15. The stock had a trading volume of 11,223,580 shares, compared to its average volume of 15,759,096. The business's fifty day moving average price is $107.32 and its 200 day moving average price is $108.51. The stock has a market cap of $483.33 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter last year, the company earned $2.06 earnings per share. The company's quarterly revenue was up .1% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Exxon Mobil Company 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.