Principal Street Partners LLC Acquires 10,944 Shares of Exxon Mobil Co. (NYSE:XOM)

Principal Street Partners LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 94.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,575 shares of the oil and gas company’s stock after acquiring an additional 10,944 shares during the quarter. Principal Street Partners LLC’s holdings in Exxon Mobil were worth $2,600,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. WFA Asset Management Corp raised its stake in shares of Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after acquiring an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in shares of Exxon Mobil in the 1st quarter valued at $933,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Exxon Mobil by 29.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 3,352 shares of the oil and gas company’s stock worth $390,000 after acquiring an additional 762 shares in the last quarter. Castleark Management LLC increased its stake in Exxon Mobil by 41.3% during the 1st quarter. Castleark Management LLC now owns 178,300 shares of the oil and gas company’s stock worth $20,726,000 after purchasing an additional 52,100 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new stake in Exxon Mobil in the 1st quarter valued at $1,205,000. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on XOM shares. Wolfe Research increased their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Truist Financial reduced their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. BMO Capital Markets raised their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company upped their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $130.21.

Exxon Mobil Trading Down 1.0 %

Shares of XOM opened at $118.74 on Tuesday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $119.53 and a two-hundred day simple moving average of $116.56. The stock has a market capitalization of $521.87 billion, a P/E ratio of 14.94, a PEG ratio of 5.10 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.27 EPS. On average, research analysts anticipate that Exxon Mobil Co. will post 7.96 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.34%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

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.