10,510 Shares in Exxon Mobil Corporation (NYSE:XOM) Purchased by Wills Financial Group LLC

Key Points

• Wills Financial Group LLC purchased 10,510 shares of Exxon Mobil for approximately $1.25 million during the 1st quarter, adding to the growing interest in the stock among institutional investors.
• Exxon Mobil announced a quarterly dividend of $0.99 per share, reflecting a 3.6% dividend yield and a payout ratio of 56.25%.
• Despite a recent stock price decline of 1.8%, Exxon Mobil reported earnings per share of $1.64 for the last quarter, exceeding analysts' expectations.

Wills Financial Group LLC bought a new position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,510 shares of the oil and gas company's stock, valued at approximately $1,250,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Axis Wealth Partners LLC increased its stake in Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after purchasing an additional 93 shares in the last quarter. WPWealth LLP boosted its position in Exxon Mobil by 1.1% during the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after purchasing an additional 96 shares in the last quarter. Ascent Capital Management LLC grew its holdings in Exxon Mobil by 2.0% in the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock valued at $584,000 after purchasing an additional 96 shares during the last quarter. DDD Partners LLC raised its stake in shares of Exxon Mobil by 1.4% during the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock worth $810,000 after buying an additional 96 shares during the last quarter. Finally, Clarity Asset Management Inc. raised its stake 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 last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on XOM shares. Morgan Stanley reissued an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Mizuho cut their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, TD Cowen upped their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus price target of $125.42.

Exxon Mobil Stock Down 1.8%

XOM opened at $109.61 on Monday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The business has a 50-day moving average of $109.48 and a two-hundred day moving average of $109.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock has a market capitalization of $472.38 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.06 and a beta of 0.53.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. During the same period last year, the company earned $2.14 earnings per share. The company's quarterly revenue was down 12.4% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil's 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.

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