Exxon Mobil Corporation (NYSE:XOM) Shares Bought by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC has increased its stake in Exxon Mobil by 6.9%, now holding a total of 282,246 shares valued at approximately $33.57 million.
• Exxon Mobil recently reported earnings of $1.64 per share for the last quarter, beating the consensus estimate by $0.17, although its revenue decreased by 12.4% year-over-year.
• The company declared a quarterly dividend of $0.99 per share, representing an annualized yield of 3.7%, with a payout ratio of 56.25%.

Townsquare Capital LLC lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 282,246 shares of the oil and gas company's stock after acquiring an additional 18,223 shares during the period. Townsquare Capital LLC's holdings in Exxon Mobil were worth $33,567,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Morton Community Bank boosted its stake in shares of Exxon Mobil by 1.7% during the first quarter. Morton Community Bank now owns 29,981 shares of the oil and gas company's stock valued at $3,566,000 after acquiring an additional 510 shares during the last quarter. Founders Financial Alliance LLC boosted its stake in shares of Exxon Mobil by 6.1% during the first quarter. Founders Financial Alliance LLC now owns 26,575 shares of the oil and gas company's stock valued at $3,160,000 after acquiring an additional 1,535 shares during the last quarter. Savvy Advisors Inc. boosted its stake in shares of Exxon Mobil by 18.2% during the first quarter. Savvy Advisors Inc. now owns 35,903 shares of the oil and gas company's stock valued at $4,270,000 after acquiring an additional 5,525 shares during the last quarter. Beam Wealth Advisors Inc. boosted its stake in shares of Exxon Mobil by 5.1% during the first quarter. Beam Wealth Advisors Inc. now owns 25,384 shares of the oil and gas company's stock valued at $3,019,000 after acquiring an additional 1,221 shares during the last quarter. Finally, AlphaCore Capital LLC boosted its stake in shares of Exxon Mobil by 52.5% during the first quarter. AlphaCore Capital LLC now owns 26,409 shares of the oil and gas company's stock valued at $3,141,000 after acquiring an additional 9,096 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.8%

Shares of NYSE:XOM traded up $0.84 during trading on Friday, reaching $106.79. 14,412,764 shares of the stock were exchanged, compared to its average volume of 15,455,899. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The firm has a market cap of $455.27 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 2.01 and a beta of 0.53. The firm's 50-day moving average price is $109.89 and its 200 day moving average price is $108.97.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The business had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter in the previous year, the business earned $2.14 EPS. The company's revenue for the quarter was down 12.4% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.7%. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Piper Sandler raised their price target on 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 target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Morgan Stanley raised their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $125.26.

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.