Spectrum Asset Management Inc. NB CA Acquires 7,763 Shares of Exxon Mobil Co. (NYSE:XOM)

Spectrum Asset Management Inc. NB CA boosted its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 25.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,096 shares of the oil and gas company's stock after buying an additional 7,763 shares during the period. Exxon Mobil makes up 2.0% of Spectrum Asset Management Inc. NB CA's holdings, making the stock its 18th biggest holding. Spectrum Asset Management Inc. NB CA's holdings in Exxon Mobil were worth $4,531,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Sterling Financial Group Inc. increased its stake in shares of Exxon Mobil by 5.8% in the 1st quarter. Sterling Financial Group Inc. now owns 3,640 shares of the oil and gas company's stock valued at $433,000 after acquiring an additional 201 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its stake in Exxon Mobil by 4.4% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 216,031 shares of the oil and gas company's stock valued at $25,693,000 after purchasing an additional 9,065 shares in the last quarter. Defined Financial Planning LLC raised its holdings in shares of Exxon Mobil by 7.6% during the first quarter. Defined Financial Planning LLC now owns 2,706 shares of the oil and gas company's stock valued at $322,000 after purchasing an additional 191 shares during the period. Yarger Wealth Strategies LLC boosted its position in shares of Exxon Mobil by 35.1% during the 1st quarter. Yarger Wealth Strategies LLC now owns 3,704 shares of the oil and gas company's stock worth $441,000 after purchasing an additional 962 shares in the last quarter. Finally, Davis Investment Partners LLC grew its stake in shares of Exxon Mobil by 16.8% in the 1st quarter. Davis Investment Partners LLC now owns 34,527 shares of the oil and gas company's stock valued at $4,106,000 after buying an additional 4,967 shares during the period. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on XOM. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Mizuho lowered their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. UBS Group lowered their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded up $2.33 during trading hours on Friday, hitting $112.06. 28,512,903 shares of the company's stock traded hands, compared to its average volume of 15,687,104. The company has a fifty day simple moving average of $105.28 and a 200-day simple moving average of $108.82. 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 stock has a market capitalization of $482.95 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month 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 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The business 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.06 earnings per share. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.53%. Exxon Mobil's dividend payout ratio (DPR) is presently 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.