Larson Financial Group LLC Has $3.05 Million Holdings in Exxon Mobil Corporation (NYSE:XOM)

Larson Financial Group LLC boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 31.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,629 shares of the oil and gas company's stock after acquiring an additional 6,156 shares during the period. Larson Financial Group LLC's holdings in Exxon Mobil were worth $3,048,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in XOM. Geode Capital Management LLC boosted its stake in shares of Exxon Mobil by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after purchasing an additional 1,104,617 shares in the last quarter. Norges Bank bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $6,936,737,000. Northern Trust Corp boosted its position in shares of Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after buying an additional 2,998,892 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Exxon Mobil by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock worth $5,390,318,000 after purchasing an additional 1,340,343 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after purchasing an additional 4,140,046 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Mizuho dropped 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. Finally, Piper Sandler increased their price objective on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $126.05.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $0.50 during midday trading on Thursday, reaching $111.73. 13,149,953 shares of the stock traded hands, compared to its average volume of 15,784,483. The firm has a fifty day moving average price of $108.54 and a two-hundred day moving average price of $108.91. The firm has a market cap of $481.51 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 2.09 and a beta of 0.50. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

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

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors 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 3.54%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

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.