3,370 Shares in Exxon Mobil Corporation $XOM Acquired by Strategies Wealth Advisors LLC

Key Points

• Strategies Wealth Advisors LLC acquired 3,370 shares of Exxon Mobil Corporation, valued at approximately $401,000, indicating ongoing institutional interest in the stock.
• Exxon Mobil recently reported earnings, beating estimates with $1.64 EPS for the quarter, despite a 12.4% year-over-year decline in revenue.
• The company announced a quarterly dividend of $0.99 per share, equating to an annualized yield of 3.6% and demonstrating a payout ratio of 56.25%.

Strategies Wealth Advisors LLC bought a new position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,370 shares of the oil and gas company's stock, valued at approximately $401,000.

Several other institutional investors have also modified their holdings of the business. 10Elms LLP purchased a new position in Exxon Mobil in the fourth quarter valued at $25,000. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil in the 1st quarter valued at about $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil in the 1st quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after buying an additional 238 shares during the period. Finally, Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler boosted their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday. Mizuho dropped their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. UBS Group lifted their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $125.00.

Exxon Mobil Stock Up 0.4%

Shares of NYSE:XOM opened at $108.9850 on Friday. The firm has a 50 day simple moving average of $110.26 and a 200-day simple moving average of $108.88. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $464.63 billion, a PE ratio of 15.48, a P/E/G ratio of 2.03 and a beta of 0.53.

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

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a dividend of $0.99 per share. The ex-dividend date is Friday, August 15th. 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%.

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.

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