ExxonMobil Corporation $XOM Stock Holdings Lifted by Norris Perne & French LLP MI

Norris Perne & French LLP MI increased its holdings in ExxonMobil Corporation (NYSE:XOM) by 58.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,819 shares of the oil and gas company’s stock after buying an additional 3,974 shares during the period. Norris Perne & French LLP MI’s holdings in ExxonMobil were worth $1,479,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Assetmark Inc. lifted its stake in ExxonMobil by 8.3% during the first quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock valued at $83,525,000 after buying an additional 37,666 shares in the last quarter. Charles Schwab Trust Co boosted its position in ExxonMobil by 392.9% during the second quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock valued at $16,710,000 after purchasing an additional 97,424 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of ExxonMobil by 2.3% in the 4th quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company’s stock valued at $126,166,000 after buying an additional 23,668 shares in the last quarter. Midwest Trust Co grew its position in ExxonMobil by 3.9% in the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock worth $120,623,000 after acquiring an additional 26,411 shares in the last quarter. Finally, King Luther Capital Management Corp increased its position in ExxonMobil by 2.4% during the fourth quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company’s stock worth $200,366,000 after buying an additional 38,492 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Performance

Shares of XOM opened at $158.78 on Friday. ExxonMobil Corporation has a one year low of $105.67 and a one year high of $176.41. The firm has a 50-day moving average of $146.80 and a 200-day moving average of $150.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The company has a market cap of $658.13 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 0.63 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). The business had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period in the prior year, the business earned $1.64 EPS. As a group, equities analysts forecast that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be given a dividend of $1.03 per share. The ex-dividend date is Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.6%. ExxonMobil’s dividend payout ratio (DPR) is presently 53.02%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research analyst reports. Piper Sandler initiated coverage on shares of ExxonMobil in a research report on Thursday, July 23rd. They set a “neutral” rating and a $158.00 target price for the company. UBS Group set a $168.00 price target on shares of ExxonMobil in a research report on Friday, August 7th. HSBC set a $158.00 target price on shares of ExxonMobil in a research report on Monday, August 3rd. DZ Bank lowered ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $182.00 price target on shares of ExxonMobil in a research report on Monday, August 3rd. Ten analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, ExxonMobil has an average rating of “Hold” and a consensus target price of $163.29.

ExxonMobil Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.