Orion Porfolio Solutions LLC Acquires 18,387 Shares of Exxon Mobil Corporation $XOM

Orion Porfolio Solutions LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 305,097 shares of the oil and gas company’s stock after purchasing an additional 18,387 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Exxon Mobil were worth $32,889,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Linscomb Wealth Inc. raised its position in shares of Exxon Mobil by 1.4% during the second quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock worth $42,017,000 after acquiring an additional 5,527 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Exxon Mobil by 52.3% during the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after purchasing an additional 131,600 shares during the last quarter. Capital Counsel LLC NY lifted its position in Exxon Mobil by 0.9% during the 2nd quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock valued at $5,356,000 after purchasing an additional 460 shares during the period. OneAscent Wealth Management LLC grew its position in shares of Exxon Mobil by 116.7% during the 2nd quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock worth $825,000 after buying an additional 4,123 shares during the period. Finally, Wealth Management Associates Inc. raised its stake in shares of Exxon Mobil by 2.7% during the first quarter. Wealth Management Associates Inc. now owns 26,461 shares of the oil and gas company’s stock worth $3,147,000 after buying an additional 691 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Barclays decreased their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Melius initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. UBS Group reissued a “buy” rating on shares of Exxon Mobil in a research report on Tuesday, December 9th. Bank of America decreased their price target on shares of Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Citigroup raised their price objective on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.24.

Exxon Mobil Stock Performance

XOM opened at $118.77 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. The company has a market capitalization of $500.88 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 7.48 and a beta of 0.38. The business’s 50-day moving average price is $115.60 and its two-hundred day moving average price is $112.29. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $120.81.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. Equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were paid a dividend of $1.03 per share. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.