Lee Danner & Bass Inc. Makes New $16.14 Million Investment in Exxon Mobil Co. (NYSE:XOM)

Lee Danner & Bass Inc. bought a new position in Exxon Mobil Co. (NYSE:XOM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 140,173 shares of the oil and gas company’s stock, valued at approximately $16,137,000. Exxon Mobil comprises 1.2% of Lee Danner & Bass Inc.’s investment portfolio, making the stock its 15th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. International Assets Investment Management LLC lifted its position in Exxon Mobil by 3.2% during the 4th quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock valued at $4,918,000 after acquiring an additional 1,539 shares during the period. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $2,776,000. Gilbert & Cook Inc. grew its stake in shares of Exxon Mobil by 2.2% in the 4th quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock worth $2,547,000 after buying an additional 545 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. increased its position in Exxon Mobil by 2.3% during the 4th quarter. Beacon Harbor Wealth Advisors Inc. now owns 55,749 shares of the oil and gas company’s stock valued at $5,574,000 after buying an additional 1,265 shares in the last quarter. Finally, Intelligence Driven Advisers LLC bought a new stake in Exxon Mobil in the fourth quarter worth $242,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

NYSE XOM opened at $117.87 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $464.76 billion, a P/E ratio of 14.44, a PEG ratio of 4.51 and a beta of 0.91. The company has a 50-day moving average price of $115.79 and a 200-day moving average price of $114.21. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.94 earnings per share. Equities research analysts anticipate that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a dividend of $0.95 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.22%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analysts Set New Price Targets

XOM has been the subject of several analyst reports. Truist Financial reduced their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Barclays decreased their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Sanford C. Bernstein decreased their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Finally, Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.56.

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.