Alta Advisers Ltd Purchases 7,800 Shares of Exxon Mobil Corporation (NYSE:XOM)

Alta Advisers Ltd raised its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 52.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,558 shares of the oil and gas company's stock after purchasing an additional 7,800 shares during the quarter. Exxon Mobil accounts for about 1.1% of Alta Advisers Ltd's investment portfolio, making the stock its 17th largest position. Alta Advisers Ltd's holdings in Exxon Mobil were worth $2,683,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hixon Zuercher LLC boosted its stake in shares of Exxon Mobil by 4.7% in the first quarter. Hixon Zuercher LLC now owns 55,599 shares of the oil and gas company's stock worth $6,612,000 after acquiring an additional 2,493 shares during the period. Cypress Capital LLC grew its holdings in Exxon Mobil by 5.2% during the 1st quarter. Cypress Capital LLC now owns 19,611 shares of the oil and gas company's stock valued at $2,332,000 after buying an additional 972 shares in the last quarter. Advisors Management Group Inc. ADV grew its holdings in Exxon Mobil by 1.0% during the 1st quarter. Advisors Management Group Inc. ADV now owns 26,633 shares of the oil and gas company's stock valued at $3,168,000 after buying an additional 252 shares in the last quarter. CHURCHILL MANAGEMENT Corp raised its position in shares of Exxon Mobil by 3.1% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 143,976 shares of the oil and gas company's stock valued at $17,123,000 after buying an additional 4,380 shares during the last quarter. Finally, Smith Salley Wealth Management lifted its holdings in shares of Exxon Mobil by 5.5% in the first quarter. Smith Salley Wealth Management now owns 59,342 shares of the oil and gas company's stock worth $7,058,000 after buying an additional 3,103 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. UBS Group reduced their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. TD Cowen raised their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Scotiabank decreased their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Finally, Piper Sandler raised shares of Exxon Mobil from a "hold" rating to a "strong-buy" rating and raised their target price for the company from $125.00 to $131.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $125.40.

Exxon Mobil Trading Up 1.0%

Shares of NYSE XOM traded up $1.10 during midday trading on Friday, hitting $112.15. The company's stock had a trading volume of 11,223,580 shares, compared to its average volume of 15,759,096. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The firm has a market cap of $483.33 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 2.15 and a beta of 0.50. The business's 50 day moving average is $107.25 and its two-hundred day moving average is $108.48.

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, topping analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.06 earnings per share. As a group, equities research analysts expect 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 given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.53%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

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.