Brown Lisle Cummings Inc. Buys 1,283 Shares of Exxon Mobil Corporation (NYSE:XOM)

Brown Lisle Cummings Inc. boosted its stake in Exxon Mobil Corporation (NYSE:XOM) by 4.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,640 shares of the oil and gas company’s stock after buying an additional 1,283 shares during the quarter. Exxon Mobil makes up about 1.0% of Brown Lisle Cummings Inc.’s investment portfolio, making the stock its 23rd largest position. Brown Lisle Cummings Inc.’s holdings in Exxon Mobil were worth $3,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Tallon Kerry Patrick bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $789,000. Union Bancaire Privee UBP SA bought a new position in Exxon Mobil in the 4th quarter valued at $48,348,000. SOA Wealth Advisors LLC. raised its position in Exxon Mobil by 29.5% in the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company’s stock valued at $753,000 after purchasing an additional 1,595 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in Exxon Mobil by 2.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 169,944 shares of the oil and gas company’s stock worth $18,281,000 after purchasing an additional 4,297 shares in the last quarter. Finally, First Bank & Trust grew its holdings in shares of Exxon Mobil by 68.8% during the fourth quarter. First Bank & Trust now owns 10,666 shares of the oil and gas company’s stock worth $1,147,000 after purchasing an additional 4,349 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Piper Sandler cut Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. TD Cowen boosted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, UBS Group reduced their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Stock Down 2.5%

NYSE:XOM opened at $111.79 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The stock’s fifty day simple moving average is $106.73 and its 200-day simple moving average is $108.54. The firm has a market capitalization of $481.77 billion, a P/E ratio of 14.83, a P/E/G ratio of 2.29 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business earned $2.06 earnings per share. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.54%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

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.