Allworth Financial LP Acquires 20,617 Shares of Exxon Mobil Corporation (NYSE:XOM)

Allworth Financial LP boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 318,908 shares of the oil and gas company's stock after acquiring an additional 20,617 shares during the quarter. Allworth Financial LP's holdings in Exxon Mobil were worth $34,643,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Stonebrook Private Inc. raised its position in shares of Exxon Mobil by 8.7% in the first quarter. Stonebrook Private Inc. now owns 7,653 shares of the oil and gas company's stock valued at $910,000 after purchasing an additional 614 shares during the period. Parr Mcknight Wealth Management Group LLC raised its position in shares of Exxon Mobil by 4.6% in the first quarter. Parr Mcknight Wealth Management Group LLC now owns 22,540 shares of the oil and gas company's stock valued at $2,681,000 after purchasing an additional 995 shares during the period. CFO4Life Group LLC raised its position in shares of Exxon Mobil by 6.9% in the first quarter. CFO4Life Group LLC now owns 27,739 shares of the oil and gas company's stock valued at $3,299,000 after purchasing an additional 1,794 shares during the period. MainStreet Investment Advisors LLC bought a new position in shares of Exxon Mobil in the first quarter valued at approximately $217,000. Finally, Ascent Capital Management LLC raised its position in shares of 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 period. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent analyst reports. Mizuho dropped their price target 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 dropped their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. TD Cowen lifted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Scotiabank lifted their price target on shares of Exxon Mobil from $115.00 to $125.00 and gave the company a "sector outperform" rating in a research report on Friday. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and an average price target of $126.05.

Exxon Mobil Stock Up 0.4%

XOM opened at $115.40 on Friday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The firm's fifty day moving average price is $108.01 and its two-hundred day moving average price is $108.78. The company has a market capitalization of $497.33 billion, a P/E ratio of 15.31, a P/E/G ratio of 2.21 and a beta of 0.50.

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 analysts' consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business's revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.06 earnings per share. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.43%. Exxon Mobil's payout ratio is presently 52.52%.

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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