Richard P Slaughter Associates Inc Acquires 13,855 Shares of Exxon Mobil Co. (NYSE:XOM)

Richard P Slaughter Associates Inc raised its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 97.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,103 shares of the oil and gas company's stock after buying an additional 13,855 shares during the period. Exxon Mobil makes up about 0.8% of Richard P Slaughter Associates Inc's investment portfolio, making the stock its 23rd largest holding. Richard P Slaughter Associates Inc's holdings in Exxon Mobil were worth $3,342,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of XOM. Norges Bank purchased a new position in Exxon Mobil during the 4th quarter worth approximately $6,936,737,000. GAMMA Investing LLC boosted its position in shares of Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after buying an additional 9,391,614 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after buying an additional 5,538,694 shares in the last quarter. Franklin Resources Inc. raised its position in Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after buying an additional 4,140,046 shares during the period. Finally, Northern Trust Corp raised its position in 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 period. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on XOM. Scotiabank decreased their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho dropped 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 note on Tuesday, May 13th. Morgan Stanley decreased their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, Piper Sandler cut shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Stock Performance

Shares of XOM stock traded up $2.36 during trading on Friday, reaching $104.19. The company had a trading volume of 10,005,292 shares, compared to its average volume of 15,514,647. The firm's 50 day simple moving average is $105.71 and its two-hundred day simple moving average is $109.29. Exxon Mobil Co. has a one year low of $97.80 and a one year 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 company has a market capitalization of $449.04 billion, a PE ratio of 13.29, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter last year, the company posted $2.06 earnings per share. The company's revenue for the quarter was up .1% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.80%. Exxon Mobil's payout ratio is presently 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.