2,318 Shares in Exxon Mobil Corporation (NYSE:XOM) Purchased by Lincoln Capital Corp

Lincoln Capital Corp acquired a new stake in shares of Exxon Mobil Corporation (NYSE:XOM) in the first quarter, HoldingsChannel.com reports. The firm acquired 2,318 shares of the oil and gas company’s stock, valued at approximately $276,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. RoundAngle Advisors LLC grew its stake in shares of Exxon Mobil by 3.0% in the first quarter. RoundAngle Advisors LLC now owns 13,600 shares of the oil and gas company’s stock worth $1,617,000 after acquiring an additional 392 shares during the period. Smith Group Asset Management LLC grew its position in Exxon Mobil by 4.8% during the first quarter. Smith Group Asset Management LLC now owns 154,772 shares of the oil and gas company’s stock valued at $18,407,000 after buying an additional 7,062 shares during the period. Astoria Portfolio Advisors LLC. lifted its holdings in Exxon Mobil by 1.8% during the first quarter. Astoria Portfolio Advisors LLC. now owns 10,592 shares of the oil and gas company’s stock valued at $1,260,000 after purchasing an additional 185 shares in the last quarter. Salomon & Ludwin LLC lifted its holdings in Exxon Mobil by 38.2% during the first quarter. Salomon & Ludwin LLC now owns 5,965 shares of the oil and gas company’s stock valued at $709,000 after purchasing an additional 1,649 shares in the last quarter. Finally, ABLE Financial Group LLC lifted its holdings in Exxon Mobil by 19.9% during the first quarter. ABLE Financial Group LLC now owns 3,584 shares of the oil and gas company’s stock valued at $426,000 after purchasing an additional 595 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 1.0%

Shares of NYSE:XOM opened at $112.15 on Friday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The business’s fifty day simple moving average is $107.25 and its 200-day simple moving average is $108.48. The company has a market capitalization of $483.33 billion, a PE ratio of 14.87, a P/E/G ratio of 2.15 and a beta of 0.50. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $2.06 EPS. As a group, equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given 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 dividend yield of 3.53%. Exxon Mobil’s payout ratio is 52.52%.

Analysts Set New Price Targets

XOM has been the topic of several research analyst reports. Piper Sandler raised shares of Exxon Mobil from a “hold” rating to a “strong-buy” rating and boosted their target price for the stock from $125.00 to $131.00 in a report on Wednesday. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an “overweight” rating in a research note on Thursday, June 26th. UBS Group lowered their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Scotiabank decreased their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Finally, TD Cowen raised their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $125.40.

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.