Perennial Advisors LLC Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

Perennial Advisors LLC grew its stake in Exxon Mobil Co. (NYSE:XOM) by 18.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,184 shares of the oil and gas company’s stock after buying an additional 1,559 shares during the period. Perennial Advisors LLC’s holdings in Exxon Mobil were worth $1,172,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. International Assets Investment Management LLC boosted its stake in shares of Exxon Mobil by 3.2% in the 4th quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock valued at $4,918,000 after purchasing an additional 1,539 shares in the last quarter. Tennessee Valley Asset Management Partners boosted its stake in shares of Exxon Mobil by 4.3% in the 4th quarter. Tennessee Valley Asset Management Partners now owns 5,611 shares of the oil and gas company’s stock valued at $561,000 after purchasing an additional 232 shares in the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $2,776,000. Telemus Capital LLC boosted its stake in shares of Exxon Mobil by 27.0% in the 4th quarter. Telemus Capital LLC now owns 20,947 shares of the oil and gas company’s stock valued at $2,094,000 after purchasing an additional 4,452 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Exxon Mobil by 650.5% in the 4th quarter. Jennison Associates LLC now owns 1,864,895 shares of the oil and gas company’s stock valued at $186,452,000 after purchasing an additional 1,616,417 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on XOM shares. Wolfe Research started coverage on Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price for the company. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Truist Financial decreased their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. HSBC upped their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research report on Tuesday, July 9th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $134.56.

Exxon Mobil Stock Up 0.7 %

XOM stock traded up $0.80 during midday trading on Thursday, hitting $114.65. The stock had a trading volume of 3,798,771 shares, compared to its average volume of 17,064,203. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The business has a 50-day moving average of $114.90 and a two-hundred day moving average of $113.67. The firm has a market cap of $452.07 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same period in the previous year, the company earned $1.94 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities research analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

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.