Frisch Financial Group Inc. Purchases 1,320 Shares of Exxon Mobil Corporation $XOM

Frisch Financial Group Inc. boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 12.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,777 shares of the oil and gas company’s stock after purchasing an additional 1,320 shares during the period. Frisch Financial Group Inc.’s holdings in Exxon Mobil were worth $1,401,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in XOM. 10Elms LLP bought a new position in shares of Exxon Mobil in the fourth quarter worth about $25,000. Graybill Wealth Management LTD. bought a new position in shares of Exxon Mobil in the first quarter worth about $29,000. Elequin Capital LP bought a new position in shares of Exxon Mobil in the first quarter worth about $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $32,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 238 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on XOM shares. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Mizuho dropped their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. TD Cowen boosted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Finally, Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $125.84.

Exxon Mobil Stock Up 0.6%

Shares of NYSE XOM opened at $107.3140 on Wednesday. The stock has a market cap of $457.51 billion, a P/E ratio of 15.24, a P/E/G ratio of 2.00 and a beta of 0.53. The firm has a 50 day moving average price of $110.29 and a 200 day moving average price of $108.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

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

Exxon Mobil Announces Dividend

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