TFG Advisers LLC Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

TFG Advisers LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,826 shares of the oil and gas company’s stock after buying an additional 177 shares during the quarter. TFG Advisers LLC’s holdings in Exxon Mobil were worth $2,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. First Pacific Financial bought a new position in Exxon Mobil during the first quarter valued at approximately $34,000. Partnership Wealth Management LLC bought a new position in Exxon Mobil during the fourth quarter valued at approximately $46,000. Vima LLC bought a new position in Exxon Mobil during the fourth quarter valued at approximately $50,000. Keener Financial Planning LLC bought a new position in Exxon Mobil during the fourth quarter valued at approximately $80,000. Finally, Neo Ivy Capital Management bought a new position in Exxon Mobil during the fourth quarter valued at approximately $80,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. UBS Group increased their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15th. Barclays decreased their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research report on Tuesday. Truist Financial reissued a “hold” rating and issued a $124.00 price objective (down from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Finally, HSBC increased their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $134.41.

Exxon Mobil Price Performance

XOM traded down $0.30 during trading on Friday, hitting $112.95. 2,385,609 shares of the company traded hands, compared to its average volume of 17,844,457. The company has a market cap of $445.36 billion, a PE ratio of 13.82, a P/E/G ratio of 4.14 and a beta of 0.91. The stock’s 50-day simple moving average is $114.22 and its two-hundred day simple moving average is $110.34. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the previous year, the business earned $2.83 earnings per share. The business’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 9.02 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.36%. Exxon Mobil’s payout ratio is currently 46.57%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

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.