Archford Capital Strategies LLC Raises Holdings in Exxon Mobil Corporation (NYSE:XOM)

Archford Capital Strategies LLC boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 20.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,092 shares of the oil and gas company's stock after purchasing an additional 5,902 shares during the quarter. Archford Capital Strategies LLC's holdings in Exxon Mobil were worth $4,055,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. 10Elms LLP bought a new stake in Exxon Mobil in the 4th quarter worth approximately $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil in the 4th quarter worth approximately $32,000. Synergy Investment Management LLC bought a new stake in Exxon Mobil in the 4th quarter worth approximately $47,000. Finally, Clarity Asset Management Inc. increased its stake in Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on XOM. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday. Scotiabank cut their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $125.10.

Exxon Mobil Trading Down 0.5%

XOM traded down $0.59 during trading hours on Friday, reaching $109.40. 21,995,457 shares of the company's stock traded hands, compared to its average volume of 15,722,717. The firm has a 50-day moving average price of $107.04 and a 200 day moving average price of $108.45. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $471.49 billion, a PE ratio of 14.51, a PEG ratio of 2.12 and a beta of 0.49.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the previous year, the business earned $2.06 EPS. Exxon Mobil's revenue was up .1% compared to the same quarter last year. As a group, sell-side 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 was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is 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.