Pallas Capital Advisors LLC Purchases 4,509 Shares of Exxon Mobil Co. (NYSE:XOM)

Pallas Capital Advisors LLC grew its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,396 shares of the oil and gas company's stock after purchasing an additional 4,509 shares during the quarter. Exxon Mobil comprises about 0.9% of Pallas Capital Advisors LLC's holdings, making the stock its 15th biggest holding. Pallas Capital Advisors LLC's holdings in Exxon Mobil were worth $21,098,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. 10Elms LLP bought a new position in Exxon Mobil in the 4th quarter worth $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil in the 4th quarter worth $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $32,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $36,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $47,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded up $2.33 during trading on Friday, hitting $112.06. The company's stock had a trading volume of 28,512,903 shares, compared to its average volume of 15,687,104. The company has a 50-day moving average of $105.28 and a 200-day moving average of $108.82. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. 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 has a market cap of $482.95 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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 net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the prior year, the business earned $2.06 EPS. The business's quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Co. 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. Shareholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Exxon Mobil 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.