Menard Financial Group LLC Has $2.46 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Menard Financial Group LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 20.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,867 shares of the oil and gas company's stock after buying an additional 3,823 shares during the period. Exxon Mobil accounts for approximately 1.5% of Menard Financial Group LLC's holdings, making the stock its 11th biggest position. Menard Financial Group LLC's holdings in Exxon Mobil were worth $2,460,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quantinno Capital Management LP grew its position in Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after purchasing an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $55,000. Rockline Wealth Management LLC lifted its stake in shares of Exxon Mobil by 6.1% in the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock worth $2,788,000 after acquiring an additional 1,498 shares during the period. Renasant Bank lifted its stake in shares of Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after acquiring an additional 493 shares during the period. Finally, Paradigm Capital Management LLC NV lifted its stake in shares of Exxon Mobil by 1.6% in the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock worth $1,532,000 after acquiring an additional 227 shares during the period. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on XOM. Piper Sandler reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Wednesday. Bernstein Bank increased their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. HSBC cut their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research note on Friday, January 31st. BMO Capital Markets cut their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research note on Friday, January 31st. Finally, Scotiabank cut their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Down 1.4%

Exxon Mobil stock traded down $1.42 during trading hours on Wednesday, hitting $102.10. The company had a trading volume of 14,251,325 shares, compared to its average volume of 15,546,853. The firm has a market capitalization of $440.01 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm's fifty day moving average is $107.77 and its 200-day moving average is $110.08. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share 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 analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.06 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.88%. 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.