Brendel Financial Advisors LLC Boosts Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Brendel Financial Advisors LLC lifted its position in Exxon Mobil Corporation (NYSE:XOM) by 3.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,632 shares of the oil and gas company’s stock after buying an additional 1,534 shares during the period. Exxon Mobil makes up 3.6% of Brendel Financial Advisors LLC’s holdings, making the stock its 2nd largest position. Brendel Financial Advisors LLC’s holdings in Exxon Mobil were worth $5,903,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Tallon Kerry Patrick acquired a new position in shares of Exxon Mobil in the 4th quarter worth $789,000. Union Bancaire Privee UBP SA purchased a new position in Exxon Mobil in the fourth quarter valued at about $48,348,000. SOA Wealth Advisors LLC. lifted its position in shares of Exxon Mobil by 29.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company’s stock worth $753,000 after buying an additional 1,595 shares during the last quarter. Financial Perspectives Inc lifted its position in shares of Exxon Mobil by 8.5% in the fourth quarter. Financial Perspectives Inc now owns 5,706 shares of the oil and gas company’s stock worth $614,000 after buying an additional 448 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Exxon Mobil by 73.9% in the fourth quarter. Private Advisor Group LLC now owns 967,673 shares of the oil and gas company’s stock worth $104,092,000 after buying an additional 411,282 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on XOM. Piper Sandler cut Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho cut their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Finally, Scotiabank cut their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Trading Up 1.4%

Shares of XOM opened at $114.81 on Monday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $494.77 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 2.29 and a beta of 0.49. The stock’s 50-day moving average price is $106.56 and its 200 day moving average price is $108.56.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the company posted $2.06 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.45%. Exxon Mobil’s dividend payout ratio is currently 52.52%.

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.