Truist Financial Corp Increases Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Truist Financial Corp raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,224,293 shares of the oil and gas company's stock after purchasing an additional 11,360 shares during the quarter. Truist Financial Corp owned approximately 0.05% of Exxon Mobil worth $264,535,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. 10Elms LLP purchased a new stake in Exxon Mobil during the fourth quarter valued at about $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $32,000. Clarity Asset Management Inc. lifted its holdings in shares of 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 buying an additional 100 shares in the last quarter. Finally, Banque de Luxembourg S.A. purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $51,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 1.0%

Shares of NYSE:XOM traded down $1.07 during trading on Monday, reaching $111.13. 15,410,459 shares of the company traded hands, compared to its average volume of 15,770,204. The firm has a market capitalization of $478.93 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 2.16 and a beta of 0.50. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The business's fifty day moving average is $107.32 and its 200-day moving average is $108.54.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 earnings per share. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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. This represents a $3.96 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on XOM. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley lowered their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Piper Sandler upgraded shares of Exxon Mobil from a "hold" rating to a "strong-buy" rating and upped their price objective for the stock from $125.00 to $131.00 in a research report on Wednesday, July 2nd. TD Cowen upped their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus target price of $125.40.

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.