Abner Herrman & Brock LLC Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Abner Herrman & Brock LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,993 shares of the oil and gas company’s stock after buying an additional 236 shares during the period. Exxon Mobil makes up 1.9% of Abner Herrman & Brock LLC’s investment portfolio, making the stock its 27th biggest holding. Abner Herrman & Brock LLC’s holdings in Exxon Mobil were worth $15,103,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. 10Elms LLP purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil in the 4th quarter worth about $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $32,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil during the 4th quarter valued at about $36,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil during the fourth quarter valued at about $47,000. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of several recent analyst reports. UBS Group reduced their price objective 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. Barclays restated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Argus raised Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Piper Sandler lowered shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Trading Down 0.6%

NYSE XOM opened at $102.08 on Friday. The stock has a 50-day moving average of $106.95 and a 200-day moving average of $109.69. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The firm has a market cap of $439.93 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the previous year, the company posted $2.06 earnings per share. The business’s revenue was up .1% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.88%. Exxon Mobil’s payout ratio is currently 52.52%.

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.