Ferguson Wellman Capital Management Inc. Purchases 9,065 Shares of Exxon Mobil Co. (NYSE:XOM)

Ferguson Wellman Capital Management Inc. lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 216,031 shares of the oil and gas company’s stock after acquiring an additional 9,065 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Exxon Mobil were worth $25,693,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Quantinno Capital Management LP boosted its stake in Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock worth $61,332,000 after purchasing an additional 110,772 shares during the period. Accredited Wealth Management LLC bought a new position in Exxon Mobil in the 4th quarter worth about $55,000. Renasant Bank boosted its stake in Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock worth $1,115,000 after purchasing an additional 493 shares during the period. Paradigm Capital Management LLC NV boosted its stake in Exxon Mobil by 1.6% in the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company’s stock worth $1,532,000 after purchasing an additional 227 shares during the period. Finally, University of Texas Texas AM Investment Management Co. boosted its stake in Exxon Mobil by 2,334.5% in the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 36,226 shares of the oil and gas company’s stock worth $3,897,000 after purchasing an additional 34,738 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $109.71 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The business’s 50 day simple moving average is $105.28 and its two-hundred day simple moving average is $108.82. The stock has a market capitalization of $472.81 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.06 EPS. Analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders 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 dividend on an annualized basis and a yield of 3.61%. Exxon Mobil’s dividend payout ratio (DPR) is currently 52.52%.

Wall Street Analyst Weigh In

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

About Exxon Mobil

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.