Alpha Cubed Investments LLC increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 32.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,655 shares of the oil and gas company's stock after acquiring an additional 13,015 shares during the quarter. Alpha Cubed Investments LLC's holdings in Exxon Mobil were worth $6,381,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of XOM. Quantinno Capital Management LP raised its stake in shares of Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after buying an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $55,000. Legacy Trust raised its stake in shares of Exxon Mobil by 12.7% in the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after buying an additional 997 shares in the last quarter. Renasant Bank raised its stake in shares of Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after buying an additional 493 shares in the last quarter. Finally, Paradigm Capital Management LLC NV raised its stake in shares of Exxon Mobil by 1.6% in the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock valued at $1,532,000 after buying an additional 227 shares in the last quarter. Institutional investors own 61.80% of the company's stock.
Exxon Mobil Trading Up 0.4%
Exxon Mobil stock traded up $0.47 during trading hours on Friday, reaching $115.40. 11,683,034 shares of the company's stock traded hands, compared to its average volume of 15,798,174. The firm has a market capitalization of $497.33 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 2.21 and a beta of 0.50. The firm's 50 day moving average is $108.01 and its 200-day moving average is $108.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The business 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%. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the company posted $2.06 EPS. On average, analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently announced 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 annualized dividend and a yield of 3.43%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.
Wall Street Analysts Forecast Growth
XOM has been the subject of a number of recent research reports. Mizuho dropped their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler upped their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, TD Cowen upped their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $126.05.
Get Our Latest Analysis on Exxon Mobil
About Exxon Mobil
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Free Report)
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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