Panoramic Capital Partners LLC Purchases Shares of 2,798 Exxon Mobil Co. (NYSE:XOM)

Panoramic Capital Partners LLC bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,798 shares of the oil and gas company's stock, valued at approximately $333,000.

Several other institutional investors have also recently made changes to their positions in XOM. Tallon Kerry Patrick bought a new stake in shares of Exxon Mobil during the fourth quarter valued at about $789,000. Union Bancaire Privee UBP SA purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $48,348,000. Benchmark Financial Wealth Advisors LLC increased its holdings in Exxon Mobil by 14.0% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 2,163 shares of the oil and gas company's stock worth $233,000 after acquiring an additional 266 shares during the period. Robertson Stephens Wealth Management LLC increased its holdings in Exxon Mobil by 0.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 32,131 shares of the oil and gas company's stock worth $3,456,000 after acquiring an additional 266 shares during the period. Finally, Trilogy Capital Inc. lifted its stake in Exxon Mobil by 3.0% in the 4th quarter. Trilogy Capital Inc. now owns 31,185 shares of the oil and gas company's stock worth $3,355,000 after purchasing an additional 907 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 2.1%

Shares of Exxon Mobil stock traded up $2.24 during trading on Tuesday, reaching $107.21. The company's stock had a trading volume of 17,621,679 shares, compared to its average volume of 15,567,968. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The firm's 50-day moving average is $105.14 and its two-hundred day moving average is $108.90. The company has a market cap of $462.04 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the previous year, the firm posted $2.06 earnings per share. The firm's revenue for the quarter was up .1% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 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, June 10th. Investors of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.69%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.

Analyst Upgrades and Downgrades

Several research analysts have commented on XOM shares. Scotiabank cut their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Morgan Stanley lowered their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Company 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.