Saxony Capital Management LLC Purchases 270 Shares of Exxon Mobil Co. (NYSE:XOM)

Saxony Capital Management LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 12.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,435 shares of the oil and gas company’s stock after purchasing an additional 270 shares during the quarter. Saxony Capital Management LLC’s holdings in Exxon Mobil were worth $280,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. FPC Investment Advisory Inc. bought a new position in Exxon Mobil during the first quarter valued at about $25,000. First Pacific Financial purchased a new position in Exxon Mobil in the first quarter valued at about $34,000. POM Investment Strategies LLC grew its position in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares during the period. Lynx Investment Advisory purchased a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $47,000. Finally, Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Truist Financial reduced their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. TD Cowen boosted their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. UBS Group increased their target price on shares of Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Finally, HSBC lifted their target price 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 analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.56.

Exxon Mobil Price Performance

NYSE:XOM traded down $0.88 during trading hours on Tuesday, hitting $117.93. 2,710,225 shares of the company’s stock traded hands, compared to its average volume of 16,957,420. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The business’s fifty day simple moving average is $115.35 and its two-hundred day simple moving average is $114.05. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The firm has a market cap of $465.00 billion, a P/E ratio of 14.50, a P/E/G ratio of 4.51 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $1.94 EPS. On average, research analysts anticipate that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

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.