Sageworth Trust Co of South Dakota Raises Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Sageworth Trust Co of South Dakota grew its stake in Exxon Mobil Corporation (NYSE:XOM) by 15.4% during the 1st quarter, Holdings Channel reports. The fund owned 3,754 shares of the oil and gas company’s stock after acquiring an additional 500 shares during the period. Sageworth Trust Co of South Dakota’s holdings in Exxon Mobil were worth $446,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in XOM. 10Elms LLP acquired a new position in Exxon Mobil in the fourth quarter valued at $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the fourth quarter valued at $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the fourth quarter valued at $32,000. Clarity Asset Management Inc. increased its stake in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 100 shares during the last quarter. Finally, Synergy Investment Management LLC acquired a new position in Exxon Mobil in the fourth quarter valued at $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the subject of several research analyst reports. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Barclays restated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler upgraded Exxon Mobil from a “hold” rating to a “strong-buy” rating and upped their price target for the stock from $125.00 to $131.00 in a research note on Wednesday. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Finally, Morgan Stanley dropped their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $125.40.

Exxon Mobil Price Performance

XOM stock opened at $112.15 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The firm has a market cap of $483.33 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 2.15 and a beta of 0.50. The stock has a 50-day simple moving average of $107.25 and a 200-day simple moving average of $108.48.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.06 earnings per share. On average, equities 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 declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s dividend payout ratio is currently 52.52%.

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.