Ironwood Investment Counsel LLC Purchases 171 Shares of Exxon Mobil Corporation (NYSE:XOM)

Ironwood Investment Counsel LLC lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,028 shares of the oil and gas company’s stock after acquiring an additional 171 shares during the period. Ironwood Investment Counsel LLC’s holdings in Exxon Mobil were worth $3,928,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in XOM. Martingale Asset Management L P raised its holdings in shares of Exxon Mobil by 5.2% during the fourth quarter. Martingale Asset Management L P now owns 375,330 shares of the oil and gas company’s stock valued at $40,374,000 after purchasing an additional 18,638 shares during the period. Waddell & Associates LLC raised its stake in shares of Exxon Mobil by 19.1% in the fourth quarter. Waddell & Associates LLC now owns 16,942 shares of the oil and gas company’s stock valued at $1,822,000 after buying an additional 2,718 shares during the period. Cutler Capital Management LLC bought a new position in Exxon Mobil during the fourth quarter worth about $110,000. Estabrook Capital Management boosted its holdings in shares of Exxon Mobil by 1.2% in the fourth quarter. Estabrook Capital Management now owns 77,452 shares of the oil and gas company’s stock worth $8,332,000 after acquiring an additional 915 shares during the period. Finally, F M Investments LLC grew its position in shares of Exxon Mobil by 14.6% in the fourth quarter. F M Investments LLC now owns 136,529 shares of the oil and gas company’s stock valued at $14,686,000 after purchasing an additional 17,418 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on XOM. UBS Group cut their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Piper Sandler lifted their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Morgan Stanley lifted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Finally, Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an “overweight” rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $125.26.

Exxon Mobil Stock Down 0.6%

XOM opened at $106.56 on Thursday. The company has a market capitalization of $454.28 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 2.02 and a beta of 0.53. The firm has a 50-day simple moving average of $109.73 and a two-hundred day simple moving average of $109.05. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company’s revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.14 EPS. Analysts forecast 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 will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.7%. Exxon Mobil’s dividend payout ratio (DPR) is presently 56.25%.

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.