Wulff Hansen & CO. Acquires 935,898 Shares of Exxon Mobil Co. (NYSE:XOM)

Wulff Hansen & CO. lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 11,412.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 944,099 shares of the oil and gas company’s stock after purchasing an additional 935,898 shares during the period. Wulff Hansen & CO.’s holdings in Exxon Mobil were worth $108,685,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. purchased a new stake in shares of Exxon Mobil during the first quarter valued at approximately $25,000. Anfield Capital Management LLC boosted its position in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the period. POM Investment Strategies LLC grew its holdings in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the last quarter. Lynx Investment Advisory purchased a new position in shares of Exxon Mobil in the second quarter valued at about $47,000. Finally, Vima LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Mizuho upped their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Truist Financial decreased their price objective on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Finally, Barclays cut their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $136.24.

Exxon Mobil Trading Up 1.3 %

NYSE XOM opened at $114.22 on Wednesday. The stock’s fifty day moving average price is $115.73 and its 200-day moving average price is $115.25. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market cap of $450.37 billion, a P/E ratio of 14.00, a P/E/G ratio of 4.38 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business earned $1.94 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.33%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.