Shepherd Financial Partners LLC Purchases 9,588 Shares of Exxon Mobil Corporation $XOM

Shepherd Financial Partners LLC increased its position in Exxon Mobil Corporation (NYSE:XOM) by 142.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,316 shares of the oil and gas company’s stock after purchasing an additional 9,588 shares during the period. Shepherd Financial Partners LLC’s holdings in Exxon Mobil were worth $1,759,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Morton Community Bank lifted its stake in shares of Exxon Mobil by 4.6% in the second quarter. Morton Community Bank now owns 31,346 shares of the oil and gas company’s stock valued at $3,379,000 after buying an additional 1,365 shares in the last quarter. Avestar Capital LLC raised its holdings in shares of Exxon Mobil by 10.8% in the 2nd quarter. Avestar Capital LLC now owns 32,421 shares of the oil and gas company’s stock worth $3,495,000 after acquiring an additional 3,166 shares during the last quarter. Financial & Tax Architects LLC raised its holdings in shares of Exxon Mobil by 5.0% in the 2nd quarter. Financial & Tax Architects LLC now owns 62,291 shares of the oil and gas company’s stock worth $6,715,000 after acquiring an additional 2,969 shares during the last quarter. Vance Wealth LLC lifted its position in Exxon Mobil by 2.1% in the 2nd quarter. Vance Wealth LLC now owns 6,496 shares of the oil and gas company’s stock valued at $700,000 after acquiring an additional 136 shares in the last quarter. Finally, Seaview Investment Managers LLC boosted its stake in Exxon Mobil by 6.3% during the 2nd quarter. Seaview Investment Managers LLC now owns 8,099 shares of the oil and gas company’s stock valued at $873,000 after purchasing an additional 477 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $116.52 on Friday. The stock has a market cap of $491.38 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.48 and a beta of 0.38. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The business has a 50-day simple moving average of $115.04 and a 200 day simple moving average of $111.64. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $120.81.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The firm had revenue of $57.55 billion during the quarter. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is presently 59.88%.

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Melius began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Mizuho dropped their price objective on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Finally, Melius Research began coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $128.67.

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.