Lehman & Derafelo Financial Resources LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 7.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 32,896 shares of the oil and gas company’s stock after acquiring an additional 2,327 shares during the quarter. Lehman & Derafelo Financial Resources LLC’s holdings in Exxon Mobil were worth $1,471,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. TradeLink Capital LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter worth $411,000. Chartwell Investment Partners LLC grew its holdings in shares of Exxon Mobil by 13.2% during the 2nd quarter. Chartwell Investment Partners LLC now owns 281,075 shares of the oil and gas company’s stock worth $12,570,000 after purchasing an additional 32,763 shares during the period. State of Michigan Retirement System grew its holdings in shares of Exxon Mobil by 11.3% during the 2nd quarter. State of Michigan Retirement System now owns 1,079,818 shares of the oil and gas company’s stock worth $48,289,000 after purchasing an additional 109,886 shares during the period. Duality Advisers LP purchased a new position in shares of Exxon Mobil during the 2nd quarter worth $523,000. Finally, Accredited Investors Inc. grew its holdings in shares of Exxon Mobil by 31.0% during the 2nd quarter. Accredited Investors Inc. now owns 10,758 shares of the oil and gas company’s stock worth $481,000 after purchasing an additional 2,543 shares during the period. Hedge funds and other institutional investors own 52.16% of the company’s stock.

Shares of NYSE XOM traded up $0.21 during midday trading on Friday, hitting $42.08. 32,123,002 shares of the company’s stock were exchanged, compared to its average volume of 18,976,564. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.52. Exxon Mobil Co. has a twelve month low of $30.11 and a twelve month high of $75.66. The company has a market cap of $177.04 billion, a PE ratio of 15.76 and a beta of 1.33. The firm’s fifty day simple moving average is $44.44 and its 200-day simple moving average is $48.35.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The business had revenue of $32.61 billion for the quarter, compared to analyst estimates of $38.16 billion. During the same period last year, the business posted $0.61 EPS. Exxon Mobil’s revenue was down 52.8% on a year-over-year basis. Equities analysts anticipate that Exxon Mobil Co. will post -0.38 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 8.27%. The ex-dividend date is Wednesday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 154.67%.

Several equities analysts recently issued reports on the company. Cfra lowered Exxon Mobil from a “hold” rating to a “sell” rating and increased their target price for the stock from $41.00 to $43.00 in a research note on Thursday, April 30th. Credit Suisse Group increased their target price on Exxon Mobil from $37.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. UBS Group increased their target price on Exxon Mobil from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Piper Sandler increased their target price on Exxon Mobil from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Standpoint Research lowered Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Five investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and one has issued a buy rating to the company’s stock. Exxon Mobil has a consensus rating of “Hold” and an average target price of $53.17.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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