Exxon Mobil Co. (NYSE:XOM) Shares Bought by Zhang Financial LLC

Zhang Financial LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 95.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,024 shares of the oil and gas company's stock after purchasing an additional 13,204 shares during the period. Zhang Financial LLC's holdings in Exxon Mobil were worth $3,214,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Quantinno Capital Management LP boosted its stake in Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after purchasing an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC purchased a new position in Exxon Mobil in the 4th quarter worth about $55,000. Renasant Bank lifted its stake in Exxon Mobil by 5.0% during the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after acquiring an additional 493 shares during the period. Paradigm Capital Management LLC NV grew its stake in shares of Exxon Mobil by 1.6% in the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock worth $1,532,000 after acquiring an additional 227 shares during the period. Finally, University of Texas Texas AM Investment Management Co. lifted its position in Exxon Mobil by 2,334.5% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 36,226 shares of the oil and gas company's stock valued at $3,897,000 after purchasing an additional 34,738 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on XOM. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank reduced their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Up 2.4%

Shares of NYSE XOM traded up $2.63 during mid-day trading on Friday, reaching $112.36. The company had a trading volume of 19,504,430 shares, compared to its average volume of 15,644,904. The firm has a 50 day simple moving average of $105.28 and a two-hundred day simple moving average of $108.82. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market cap of $484.22 billion, a P/E ratio of 14.31, a PEG ratio of 3.02 and a beta of 0.49.

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 EPS for the quarter, topping 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 analyst estimates of $86.11 billion. During the same quarter in the previous year, the company posted $2.06 earnings per share. The firm's revenue was up .1% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.52%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

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.