Confluence Wealth Services Inc. Increases Holdings in Exxon Mobil Co. (NYSE:XOM)

Confluence Wealth Services Inc. boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.7% during the first quarter, Holdings Channel reports. The firm owned 53,624 shares of the oil and gas company’s stock after acquiring an additional 1,434 shares during the quarter. Exxon Mobil makes up about 0.6% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its 25th biggest position. Confluence Wealth Services Inc.’s holdings in Exxon Mobil were worth $6,233,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of XOM. Roberts Wealth Advisors LLC grew its holdings in shares of Exxon Mobil by 1.0% during the 3rd quarter. Roberts Wealth Advisors LLC now owns 15,326 shares of the oil and gas company’s stock worth $1,685,000 after acquiring an additional 148 shares during the period. Argus Investors Counsel Inc. grew its holdings in shares of Exxon Mobil by 1.5% during the 3rd quarter. Argus Investors Counsel Inc. now owns 20,350 shares of the oil and gas company’s stock worth $2,393,000 after acquiring an additional 300 shares during the period. Summit Financial Group Inc. grew its holdings in shares of Exxon Mobil by 8.8% during the 3rd quarter. Summit Financial Group Inc. now owns 49,361 shares of the oil and gas company’s stock worth $5,804,000 after acquiring an additional 4,002 shares during the period. S.E.E.D. Planning Group LLC grew its holdings in shares of Exxon Mobil by 90.0% during the 3rd quarter. S.E.E.D. Planning Group LLC now owns 4,271 shares of the oil and gas company’s stock worth $502,000 after acquiring an additional 2,023 shares during the period. Finally, New Hampshire Trust grew its holdings in shares of Exxon Mobil by 0.4% during the 3rd quarter. New Hampshire Trust now owns 49,111 shares of the oil and gas company’s stock worth $5,774,000 after acquiring an additional 191 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on XOM. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Wells Fargo & Company upped their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday. TD Cowen boosted their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday. Truist Financial boosted their price target on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.56.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $1.42 during midday trading on Tuesday, hitting $118.22. The company had a trading volume of 21,079,912 shares, compared to its average volume of 18,238,875. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The company has a market cap of $467.95 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 4.05 and a beta of 0.96. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a fifty day moving average of $113.96 and a two-hundred day moving average of $106.79.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the company earned $2.83 earnings per share. On average, equities research analysts expect that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.21%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.

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.