Exxon Mobil Co. (NYSE:XOM) Shares Bought by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV raised its stake in Exxon Mobil Co. (NYSE:XOM) by 1.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 104,603 shares of the oil and gas company’s stock after purchasing an additional 1,062 shares during the quarter. Exxon Mobil comprises about 1.5% of Hudson Valley Investment Advisors Inc. ADV’s investment portfolio, making the stock its 16th biggest position. Hudson Valley Investment Advisors Inc. ADV’s holdings in Exxon Mobil were worth $12,440,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Impact Capital Partners LLC lifted its stake in Exxon Mobil by 6.4% during the 1st quarter. Impact Capital Partners LLC now owns 21,305 shares of the oil and gas company’s stock worth $2,534,000 after acquiring an additional 1,276 shares in the last quarter. Tower Wealth Partners Inc. lifted its stake in Exxon Mobil by 1.4% during the 1st quarter. Tower Wealth Partners Inc. now owns 16,416 shares of the oil and gas company’s stock worth $1,952,000 after acquiring an additional 230 shares in the last quarter. First National Corp MA ADV lifted its stake in Exxon Mobil by 3.7% during the 1st quarter. First National Corp MA ADV now owns 9,094 shares of the oil and gas company’s stock worth $1,082,000 after acquiring an additional 328 shares in the last quarter. Constitution Capital LLC lifted its position in shares of Exxon Mobil by 20.0% during the first quarter. Constitution Capital LLC now owns 10,205 shares of the oil and gas company’s stock worth $1,214,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Cranbrook Wealth Management LLC lifted its position in shares of Exxon Mobil by 4.6% during the first quarter. Cranbrook Wealth Management LLC now owns 2,747 shares of the oil and gas company’s stock worth $327,000 after purchasing an additional 121 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 2.4%

XOM stock opened at $104.29 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The company’s 50 day moving average is $105.42 and its two-hundred day moving average is $109.19. The stock has a market cap of $449.45 billion, a P/E ratio of 13.30, a PEG ratio of 3.02 and a beta of 0.51.

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 the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period last year, the business earned $2.06 EPS. Exxon Mobil’s revenue for the quarter was up .1% compared to the same quarter last year. Research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 52.52%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XOM. Piper Sandler cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Mizuho reduced their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Scotiabank reduced their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Morgan Stanley reduced their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target 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.