Ballast Inc. Purchases 117 Shares of Exxon Mobil Corporation (NYSE:XOM)

Ballast Inc. increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 13,870 shares of the oil and gas company’s stock after buying an additional 117 shares during the period. Ballast Inc.’s holdings in Exxon Mobil were worth $1,650,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of XOM. 10Elms LLP bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil during the 1st quarter worth about $29,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $32,000. Cloud Capital Management LLC bought a new stake in shares of Exxon Mobil during the 1st quarter worth about $45,000. Finally, Clarity Asset Management Inc. boosted its holdings in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after buying an additional 100 shares during the period. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on XOM. UBS Group reduced their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Piper Sandler lifted their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. TD Cowen lifted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. Finally, Barclays reissued a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $125.26.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $106.79 on Monday. The company has a 50 day moving average of $109.89 and a 200-day moving average of $108.96. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a market cap of $455.27 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 2.01 and a beta of 0.53.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter in the prior year, the firm posted $2.14 EPS. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.7%. Exxon Mobil’s dividend payout ratio is presently 56.25%.

Exxon Mobil 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.