Aries Wealth Management Purchases 13,222 Shares of Exxon Mobil Co. (NYSE:XOM)

Aries Wealth Management increased its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 29.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,645 shares of the oil and gas company's stock after acquiring an additional 13,222 shares during the period. Exxon Mobil comprises about 1.9% of Aries Wealth Management's holdings, making the stock its 10th largest holding. Aries Wealth Management's holdings in Exxon Mobil were worth $6,975,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at about $6,936,737,000. GAMMA Investing LLC lifted its holdings in shares of Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after buying an additional 9,391,614 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after buying an additional 5,538,694 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after buying an additional 4,140,046 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after buying an additional 2,998,892 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research reports. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank reduced their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Mizuho reduced their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Royal Bank of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Stock Performance

XOM traded up $2.33 during midday trading on Friday, reaching $112.06. The company's stock had a trading volume of 28,512,903 shares, compared to its average volume of 15,691,277. The stock has a market cap of $482.95 billion, a P/E ratio of 14.29, a PEG ratio of 3.02 and a beta of 0.49. The company has a fifty day simple moving average of $105.51 and a 200 day simple moving average of $108.72. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The firm 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 12.92% and a net margin of 9.63%. The company's revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 EPS. Research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 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.