Raymond James Trust N.A. Raises Stock Position in Exxon Mobil Co. (NYSE:XOM)

Raymond James Trust N.A. grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 27.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 207,150 shares of the oil and gas company’s stock after acquiring an additional 45,015 shares during the period. Raymond James Trust N.A.’s holdings in Exxon Mobil were worth $23,847,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank bought a new position in Exxon Mobil in the 4th quarter worth approximately $5,519,753,000. Global Assets Advisory LLC lifted its holdings in shares of Exxon Mobil by 16,399.4% in the first quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock worth $1,466,589,000 after buying an additional 12,540,435 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Exxon Mobil by 566.2% during the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock worth $1,319,507,000 after acquiring an additional 11,216,602 shares during the last quarter. Capital International Investors grew its stake in Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after acquiring an additional 5,523,429 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Exxon Mobil by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock valued at $5,249,607,000 after acquiring an additional 2,676,652 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. TD Cowen increased their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Wolfe Research began coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price on the stock. Wells Fargo & Company dropped their price target on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Sanford C. Bernstein decreased their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Finally, Truist Financial dropped their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.56.

Exxon Mobil Stock Up 1.9 %

Shares of Exxon Mobil stock traded up $2.19 during trading on Monday, hitting $118.51. 1,057,082 shares of the stock traded hands, compared to its average volume of 16,967,379. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The stock’s fifty day simple moving average is $115.14 and its 200 day simple moving average is $113.94. The firm has a market cap of $467.29 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. 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 posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the previous year, the business posted $1.94 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

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.