Exxon Mobil Corporation $XOM Holdings Lifted by South Plains Financial Inc.

South Plains Financial Inc. boosted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 14.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,886 shares of the oil and gas company’s stock after acquiring an additional 731 shares during the quarter. South Plains Financial Inc.’s holdings in Exxon Mobil were worth $635,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Elequin Capital LP acquired a new position in shares of Exxon Mobil during the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after buying an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC grew its holdings in shares of Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 300 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new stake in Exxon Mobil during the 2nd quarter worth about $38,000. Finally, 1248 Management LLC purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $40,000. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Exxon Mobil in a research note on Wednesday. Wells Fargo & Company initiated coverage on shares of Exxon Mobil in a report on Friday, October 17th. They issued an “overweight” rating and a $156.00 price objective for the company. Bank of America boosted their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Morgan Stanley raised their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Melius began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $128.67.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $117.08 on Monday. The firm has a market cap of $493.75 billion, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The firm’s 50-day simple moving average is $114.69 and its 200-day simple moving average is $111.13. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

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

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.