Shepherd Financial Partners LLC Purchases 312 Shares of Exxon Mobil Corporation (NYSE:XOM)

Shepherd Financial Partners LLC lifted its position in Exxon Mobil Corporation (NYSE:XOM) by 4.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,728 shares of the oil and gas company’s stock after buying an additional 312 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Exxon Mobil were worth $800,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in Exxon Mobil in the 4th quarter valued at approximately $6,936,737,000. GAMMA Investing LLC boosted its position in shares of Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after acquiring an additional 9,391,614 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after acquiring an additional 5,538,694 shares during the period. Franklin Resources Inc. grew its stake in shares of Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares during the last quarter. Finally, Northern Trust Corp increased its position in Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock worth $4,950,087,000 after acquiring an additional 2,998,892 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 1.4%

Shares of NYSE:XOM opened at $114.07 on Wednesday. The company’s fifty day moving average is $105.91 and its 200-day moving average is $108.66. 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 52 week low of $97.80 and a 52 week high of $126.34. The company has a market capitalization of $491.58 billion, a PE ratio of 15.13, a P/E/G ratio of 2.25 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 9.49% and a return on equity of 12.06%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm posted $2.06 EPS. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 52.52%.

Analyst Ratings Changes

XOM has been the subject of several research analyst reports. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley cut their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Scotiabank decreased their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. UBS Group lowered their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Company 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.