AlphaStar Capital Management LLC Acquires 5,303 Shares of Exxon Mobil Corporation (NYSE:XOM)

AlphaStar Capital Management LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 7.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,332 shares of the oil and gas company's stock after acquiring an additional 5,303 shares during the quarter. Exxon Mobil accounts for approximately 1.1% of AlphaStar Capital Management LLC's investment portfolio, making the stock its 17th biggest position. AlphaStar Capital Management LLC's holdings in Exxon Mobil were worth $9,673,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. 10Elms LLP bought a new stake in Exxon Mobil during the fourth quarter worth about $25,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil during the fourth quarter worth about $32,000. Cloud Capital Management LLC bought a new stake in Exxon Mobil during the first quarter worth about $45,000. Clarity Asset Management Inc. lifted its position in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 100 shares during the period. Finally, ZynergyRetirementPlanningLLC lifted its position in Exxon Mobil by 29.2% during the first quarter. ZynergyRetirementPlanningLLC now owns 443 shares of the oil and gas company's stock worth $53,000 after purchasing an additional 100 shares during the period. Institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group cut their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Piper Sandler boosted their target price on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research note on Tuesday. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. 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, Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $125.55.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $113.80 on Thursday. The company has a market capitalization of $490.44 billion, a P/E ratio of 15.09, a P/E/G ratio of 2.19 and a beta of 0.50. The business has a 50 day moving average of $107.65 and a 200-day moving average of $108.66. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its 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 during 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 company's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.06 EPS. On average, equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.

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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