Vaughan David Investments LLC IL Acquires 4,502 Shares of Exxon Mobil Co. (NYSE:XOM)

Vaughan David Investments LLC IL boosted its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 374,941 shares of the oil and gas company's stock after purchasing an additional 4,502 shares during the quarter. Vaughan David Investments LLC IL's holdings in Exxon Mobil were worth $43,163,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. bought a new stake in Exxon Mobil in the first quarter valued at about $25,000. Anfield Capital Management LLC grew its position in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock worth $37,000 after buying an additional 252 shares during the period. POM Investment Strategies LLC increased its stake in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock valued at $43,000 after acquiring an additional 340 shares during the last quarter. Lynx Investment Advisory acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at approximately $47,000. Finally, Vima LLC bought a new position in Exxon Mobil during the 4th quarter worth approximately $50,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.1 %

Shares of Exxon Mobil stock traded down $0.09 during trading hours on Friday, reaching $111.14. 10,022,529 shares of the company's stock were exchanged, compared to its average volume of 16,875,873. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $115.70 and a two-hundred day moving average of $114.94. The stock has a market cap of $438.23 billion, a P/E ratio of 13.74, a P/E/G ratio of 4.38 and a beta of 0.90. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analysts' expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.94 earnings per share. On average, sell-side analysts forecast that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.42%. Exxon Mobil's payout ratio is 46.57%.

Wall Street Analyst Weigh In

Several brokerages have commented on XOM. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $139.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, August 5th. Wolfe Research assumed coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an "outperform" rating and a $146.00 price objective for the company. Barclays reduced their target price on Exxon Mobil from $147.00 to $142.00 and set an "overweight" rating on the stock in a report on Tuesday, July 9th. Truist Financial decreased their target price on Exxon Mobil from $124.00 to $121.00 and set a "hold" rating for the company in a research note on Monday, July 22nd. Finally, Evercore ISI upgraded Exxon Mobil to a "strong-buy" rating in a report on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $136.29.

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.