Exxon Mobil Corporation (NYSE:XOM) Shares Acquired by Mitchell Sinkler & Starr PA

Key Points

• Mitchell Sinkler & Starr PA increased its stake in Exxon Mobil by 5.1% during the first quarter, holding 67,389 shares valued at approximately $8 million, making it the firm's 13th largest investment.
• Several hedge funds, including Loomis Sayles & Co. and Horizon Investment Services, have also significantly raised their positions in Exxon Mobil, reflecting growing institutional interest in the company.
• Analyst ratings for Exxon Mobil vary, with a consensus rating of "Moderate Buy" and an average price target of $125.42, showing a generally positive outlook from the market.

Mitchell Sinkler & Starr PA grew its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,389 shares of the oil and gas company's stock after purchasing an additional 3,287 shares during the period. Exxon Mobil makes up approximately 2.2% of Mitchell Sinkler & Starr PA's investment portfolio, making the stock its 13th biggest position. Mitchell Sinkler & Starr PA's holdings in Exxon Mobil were worth $8,015,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in XOM. 10Elms LLP purchased a new position in Exxon Mobil in the fourth quarter worth about $25,000. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil in the first quarter worth about $29,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter worth about $32,000. Cloud Capital Management LLC purchased a new position in Exxon Mobil in the first quarter worth about $45,000. Finally, Clarity Asset Management Inc. grew its position in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 0.9%

Shares of XOM stock traded up $1.03 during trading hours on Monday, reaching $111.43. 12,351,347 shares of the company's stock were exchanged, compared to its average volume of 13,922,875. The stock's 50 day moving average is $108.85 and its 200-day moving average is $109.08. The company has a market cap of $480.22 billion, a price-to-earnings ratio of 14.78, a P/E/G ratio of 2.08 and a beta of 0.50. 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 Corporation 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 announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates 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 9.49% and a return on equity of 12.06%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.06 earnings per share. Analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Analysts Set New Price Targets

Several brokerages have issued reports on XOM. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler raised their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. TD Cowen raised their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Finally, Morgan Stanley reissued an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $125.42.

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.