Mayport LLC Purchases Shares of 2,380 Exxon Mobil Corporation (NYSE:XOM)

Mayport LLC purchased a new position in Exxon Mobil Corporation (NYSE:XOM - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,380 shares of the oil and gas company's stock, valued at approximately $283,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Worth Financial Advisory Group LLC increased its holdings in shares of Exxon Mobil by 7.2% during the 1st quarter. Worth Financial Advisory Group LLC now owns 10,142 shares of the oil and gas company's stock worth $1,206,000 after purchasing an additional 684 shares during the period. PFG Investments LLC increased its holdings in shares of Exxon Mobil by 1.7% during the 1st quarter. PFG Investments LLC now owns 147,513 shares of the oil and gas company's stock worth $17,544,000 after purchasing an additional 2,510 shares during the period. Dale Q Rice Investment Management Ltd bought a new position in shares of Exxon Mobil during the 1st quarter worth about $359,000. Jamison Private Wealth Management Inc. increased its holdings in shares of Exxon Mobil by 2.0% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 52,700 shares of the oil and gas company's stock worth $6,268,000 after purchasing an additional 1,056 shares during the period. Finally, Dupont Capital Management Corp increased its holdings in shares of Exxon Mobil by 7.0% during the 1st quarter. Dupont Capital Management Corp now owns 84,463 shares of the oil and gas company's stock worth $10,045,000 after purchasing an additional 5,506 shares during the period. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on XOM. Scotiabank dropped their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Mizuho lowered their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. UBS Group lowered their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Piper Sandler cut shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Price Performance

NYSE:XOM opened at $114.81 on Friday. The firm has a market cap of $494.77 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 2.29 and a beta of 0.49. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The company's 50-day moving average price is $106.56 and its two-hundred day moving average price is $108.60.

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

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.45%. Exxon Mobil's payout ratio is 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.

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