Exxon Mobil Corporation (NYSE:XOM) Shares Purchased by Wallington Asset Management LLC

Key Points

• Wallington Asset Management LLC increased its holdings in Exxon Mobil Corporation (NYSE:XOM) by 4.8%, acquiring an additional 4,414 shares for a total of 96,659 shares, valued at approximately $11.5 million.
• Exxon Mobil reported an earnings per share (EPS) of $1.64 for the most recent quarter, exceeding analyst expectations of $1.47 and generating revenue of $81.51 billion, though this is down 12.4% year over year.
• The company declared a quarterly dividend of $0.99, representing a 3.7% yield, to be paid on September 10th to shareholders of record as of August 15th.

Wallington Asset Management LLC raised its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,659 shares of the oil and gas company's stock after acquiring an additional 4,414 shares during the quarter. Exxon Mobil makes up approximately 1.7% of Wallington Asset Management LLC's portfolio, making the stock its 28th biggest position. Wallington Asset Management LLC's holdings in Exxon Mobil were worth $11,496,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in XOM. 10Elms LLP purchased a new stake in Exxon Mobil during the 4th quarter worth about $25,000. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil during the first quarter worth approximately $29,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $32,000. Cloud Capital Management LLC purchased a new position in shares of Exxon Mobil in the 1st quarter valued at $45,000. Finally, Clarity Asset Management Inc. boosted its stake in 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 valued at $47,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on XOM shares. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Morgan Stanley increased their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday. Piper Sandler upped their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $125.26.

Exxon Mobil Stock Performance

Shares of XOM stock traded down $0.68 on Wednesday, hitting $106.56. 15,314,886 shares of the stock traded hands, compared to its average volume of 15,294,190. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company's fifty day moving average is $109.64 and its 200 day moving average is $109.07. The company has a market capitalization of $454.28 billion, a PE ratio of 15.14, a PEG ratio of 2.02 and a beta of 0.53.

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

Exxon Mobil Announces Dividend

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

Exxon Mobil Company 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.